Showing posts with label federal deficit. Show all posts
Showing posts with label federal deficit. Show all posts

Wednesday, April 10, 2013

Why snail research is important

On a Bill Maher show, "Stephen Moore, libertarian economist and Wall Street Journal columnist" kept pounding away that we must reduce the debt and one way to do that is to cut funding for science grants, like $2 million for snail mating research.  "19-year-old Zack Kopplin, science advocate and history student" retorted that government-sponsored science often gives far better returns than many investments.  He gave as an example that the government investment in genome research paid back 140 times the investment.  See "College Kid Forced To Remind Know-It-All Economist That He's Actually Not A Scientist".

Warning: this segment deteriorates into a shouting match!

I might add, would we be reading these stories if the government hadn't invested in the Internet decades ago?  Would we have had Google if the government hadn't given a California university a grant to study search algorithms?

About the snail mating research, "it's to prevent children in developing countries from getting parasitic worms…"  Why should we protect these children from parasitic worms?  Parasites increase poverty.  Poverty leads to corruption.  Corruption leads to terrorism.  Two million dollars is a much better investment to prevent terrorism than two hundred million dollars and rising per F-35, a plane that still has many problems.

Tuesday, December 07, 2010

Would today's Republicans support Abraham Lincoln?

When I read Wired's "Republican Congressman Crowdsource Attack on Science", I thought of all the projects they oppose without even weighing costs and benefits.  The crowdsourcing is an attempt to get the general public to expose "waste" in federal spending, starting with the National Science Foundation.  They essentially take an apparently frivolous aspect of a project without looking any deeper into what benefits might be gained.  They have started YouCut Citizen Review.  Maybe the first cut in the federal budget should be to disband YouCut?

Would today's Republicans support Abraham Lincoln's push for a transcontinental railroad?  Especially with the huge outlay of bonds to fund it?  That would not lead to a balanced budget.

Would today's Republicans support Abraham Lincoln's handling of the Civil War?  Although today's Republicans are big on spending on the military (without any meaningful analysis of the benefits), they are also big on states' rights, the major argument leading to the Civil War.