http://www.nature.com/news/2011/110215/full/470313a.html
Yesterday the US government announced its budget for the coming financial year, with spending on science education and research up $66.8 billion. Obama's plan is to increase the US economy through innovation in research. Frankly the UK could do with similar increases in science funding (although we can hardly muster such a large injection of cash).
Unfortunately the recent cuts, with knock on increase to student tuition fees do not bode well for the next generation of scientists who frankly run the UK economy (primary industry is almost non-existant, the UK depends on exports of specialist products such as chemicals, pharmaceuticals and transport as well as services such as banking).
Hopefully a rise in the US economy (if it happens) will be attributed to increased science funding and a similar tactic will be implemented in the UK.
Although this will take about a generations so...we are stuffed.
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