Comments on: APS Commends President Obama’s FY 2011 Proposed Budget http://physicsfrontline.aps.org/2010/02/02/aps-commends-president-obamas-fy-2011-proposed-budget/ Your scientific source for news, analysis and commentary relating to physics, science and technology Fri, 10 May 2013 13:27:58 +0000 hourly 1 http://wordpress.com/ By: Tawanda http://physicsfrontline.aps.org/2010/02/02/aps-commends-president-obamas-fy-2011-proposed-budget/comment-page-1/#comment-231 Mon, 15 Feb 2010 15:37:49 +0000 http://physicsfrontline.aps.org/?p=296#comment-231 David,

Since World War II, 50 percent of economic growth has been attributable to science and technology. Furthermore, every dollar invested in basic research translates into $40 in domestic growth, according to a study by the Council for Chemical Research. Finally, industry has made it clear that Wall Street dynamics and tax codes make it impossible for the private sector to make long-term investments.

Best,
Tawanda

]]> By: David http://physicsfrontline.aps.org/2010/02/02/aps-commends-president-obamas-fy-2011-proposed-budget/comment-page-1/#comment-166 Wed, 03 Feb 2010 21:19:03 +0000 http://physicsfrontline.aps.org/?p=296#comment-166 Hmm. I understand your point, but I would hardly call the giant deficits we will be running an incentive to economic growth. Don’t forget that we’ll all be paying that back, with interest, and government borrowing also displaces private sector borrowing that could be used for, yes, R&D research that would lead to scientific advancements and technological innovation.

Which is just to say that every dollar government spends is a dollar someone else can’t. And when it’s a borrowed dollar, it actually comes to more than a dollar that someone else can’t.

But I’ll stop now because this is a physics blog, not an economics blog.

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