The thing that we at MIT must understand is the amount of real damage that is being done to us in the fine structure of how research funds are expended.
Sentiment: NEGATIVE
Literally from the moment I came in the door of MIT, it was very clear that a highly productive 40-year partnership between U.S. research universities and the federal government was badly eroding.
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.
We are awash in content that needs to be taught, yet the vast majority of colleges give a large portion of their faculties' salaries to fund research.
The spending in science and technology need to be to increased.
For the progress of scientific knowledge will lead to a constant increase of expenditure.
When you give away large sums of money, you can cause as much damage as you may do good.
There is no question that we are in a period in which we are going to have to use those sources to fund about 35 million dollars a year that used to be paid for by the federal government.
Our struggle is to identify the sources of revenue and the means to obtain the funds. Without funds, all the planning and research studies can't help us.
It is the policy of the federal government to use all resources at its disposal to make our financial system stronger.
I do think actually in this case the government does get credit for funding some of the basic research.
No opposing quotes found.