The CRA reports that the US science and technology research community may get it’s own little bailout. The House Appropriations Committee released details of their American Recovery and Reinvestment economic stimulus package that includes funds for scientific research.
NSF is slated to get $3B in new money:
“including $2 billion for expanding employment opportunities in fundamental science and engineering to meet environmental challenges and to improve global economic competitiveness, $400 million to build major research facilities that perform cutting edge science, $300 million for major research equipment shared by institutions of higher education and other scientists, $200 million to repair and modernize science and engineering research facilities at the nation’s institutions of higher education and other science labs, and $100 million is also included to improve instruction in science, math and engineering”
The plan also calls for new research money for NIH, DOE, NASA, NIST and other government organizations as well as $6B for broadband deployment.
While this is not large as bailouts go, we must keep in mind it was done without a crisis brought about by the rampant use of research breakthrough default swap instruments or scholarly paper citation pyramid schemes. Maybe we should have gotten MBAs.
Update 1/16: The CRA policy blog has some more details on how the funds will be allocated within some of the agencies.