Boston-area teaching hospitals and universities are bracing for deep cuts in the federal funding that has fueled biomedical research for decades, raising fears that breakthrough work on cancer cures, stem cells, gene therapy, and other research will suffer setbacks.
Unless Congress agrees by Dec. 31 on $1.2 trillion in savings to reduce the federal deficit, National Institutes of Health spending will be trimmed by 8.2 percent, or about $2.5 billion annually, according to the Office of Management and Budget projections — part of an across-the-board budget-chopping process known as sequestration.
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Yet another sign of the Empire in decline. We can seemingly fund wars without giving it a second thought, but funding knowledge is becomming more than we can afford. The Chinese must really be amazed how willingly we are handing over our national strengths so that they can claim the mantle of leadership.
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Our modern robber barons will destroy this country rather than pay their fair share of taxes. What a crying shame, and how incredibly stupid!
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