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Tuesday, January 10, 2012
Federal Spending To Decline By 1.3% In 2012
A new analysis finds the federal government's spending on research and development will decine under the 2012 budget President Obama just signed, driven mostly by cuts to Defense spending. Overall federal R&D spending will go down by 1.3 percent, according to number crunchers at the American Association for the Advancement of Science. DoD research dollars will fall by 3.2 percent compared to 2010, with the cuts concentrated in operational systems development and classified programs. The bright spots for research, according to the association, are in basic and applied research and energy and environmental research. The Department of Energy, for example, will boost reseach spending by 8 percent, and Commerce will spend almost 13 percent more this year.
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4 comments:
This is great news after never mentioning that Federal spending increased by 300% over the last 3 years! WOW! Do I feel better now! Now, how much were you telling me my taxes had to go up because you were out of money? So this "savings" still calls for a tax increase???????????????????
Oh, Gawd, unh, unh,unh, onhhhhaaa! YES! makes me so hot after blowing the lack of budget for 3 years by 5 trillion.
May I have some more, sir?
Obama hasn't signed a budget in 2 years, I seriously doubt he'll be signing one anytime soon lol
Uh, sorry Bullard, call me crazy but I find your "300%" figure hard to believe. Bush's last budget was for 3.1 trillion in spending. The FY12 Obama budget calls for 3.7 trillion. Not even close to a 300% increase. You don't even come close to 300% when looking at spending in terms of "% GDP".
Spending needs to be reined in, but please allow those who reside in the realm of reality to actually handle the issue.
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