This is a great reality check via @MattHourihan
To hit a 2% of GDP target for US federal R&D spending (i.e., same as peak of space race) would require annual $ increases of:
30%-->2026
18%-->2030
13%-->2035
10%-->2040
To hit a 2% of GDP target for US federal R&D spending (i.e., same as peak of space race) would require annual $ increases of:
30%-->2026
18%-->2030
13%-->2035
10%-->2040
US federal R&D $ has been more or less constant as a % of domestic discretionary spending for >40 years
Data @aaas @MattHourihan
Data @aaas @MattHourihan
Meaningful increases in R&D $ > increases in domestic disc $ would represent the most significant change in US R&D OVERALL budget policy in a half century
So key to watch is if federal spending increases dramatically overall, cause R&D ain't gonna eat someone else's lunch
/END
So key to watch is if federal spending increases dramatically overall, cause R&D ain't gonna eat someone else's lunch
/END
PS. More good analyses at @MattHourihan 🧵
https://twitter.com/MattHourihan/status/1376573039635267590?s=20
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