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How Publicly Funded Research Provides High Returns

With the Fiscal Cliff looming, potentially huge Federal budget cuts could gut investments in research and innovation at a time when we need it most. Over at Science Progress, Sean Pool and Jennifer Erickson write that Government research provides a high return on investment.

At a time when economic success in the global market is determined more than ever by the pace of innovation, we cannot afford to reduce our investments in research. As the president said in his State of the Union speech last year, “In America, innovation doesn’t just change our lives, it’s how we make our living.” While innovation may be in our national DNA, we can’t take it for granted.

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