Federal research dollars invested at the National Institutes of Health seem expensive until we factor in the economic growth and jobs created by our world-leading life sciences industry.
Sentiment: POSITIVE
Huge sums are invested globally in medical research and development - and with good reason.
We now have poured in an enormous amount of resources into cancer. The National Cancer Institute Project, you know, runs about $5 billion a year. That's a large amount of money, but let's not be grandiose about the amount of money we're actually spending on a problem that is attacking us at the most fundamental level of the human species.
Billions of dollars have been put into genetic research.
In an ideal world, the amount of money we spend on medical research to prevent or cure a disease would be proportional to its seriousness and the number of people who suffer from it.
The spending in science and technology need to be to increased.
The fastest-growing part of the Pentagon's budget are health care expenses.
Innovations in science and technology are the engines of the 21st-century economy; if you care about the wealth and health of your nation tomorrow, then you'd better rethink how you allocate taxes to fund science. The federal budget needs to recognize this.
Drug companies say they need to charge ever-higher prices to cover their research costs, but they spend far less on research and development than they do on marketing and administration, and afterwards they actually keep more in profits.
We spend more than a million dollars a year on our colleges and university, and it is money well spent; but we must have education that fits not the few but the many for the business of life.
Here we were talking about economic development, about investing billions of dollars in various programs, and I could see it wasn't billions of dollars people needed right away.
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