From: Robert J. Bradbury (bradbury@aeiveos.com)
Date: Fri May 17 2002 - 07:10:38 MDT
On Fri, 17 May 2002, Damien Broderick wrote:
> At 12:34 AM 5/17/02 -0700, Gina fwds:
>
> >"Investing in America's Future Act," sponsored by Rep. Nick Smith, R-Mich.,
> >and co-sponsored by Rep. Sherwood Boehlert, R-NY, chairman of the powerful
> >House Science Committee, would increase nanotechnology spending at NSF in
> >2003 from Bush's request of $221 million to $238 million. (SmallTimes
> >5/14/02)
> >http://www.smalltimes.com/document_display.cfm?document_id=3750
>
> HAHAHAHAHA!
>
> Wow, Far Sighted Congress plans token 7.7% funding increase to Invest in
> America's Future! Don't spend it all at once, guys!
Actually Damien, this is a case of "you can't push on a string".
The same situation arose when America decided to get serious
about HIV.
To do technical research on a "new" topic you have to train people,
build labs, write grants, develop instruments, etc. If you spend
too much money before you have those things lined up much of it
is simply wasted.
How to determine the optimal level of spending is very difficult however.
Robert
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