Part 1: University Research & Federal Sequestration
The United States has been the “beacon” for researchers throughout the world when it comes to realizing their dreams. A country where-by diverse cultures could work together and freely encourage independent thinking, innovative ideas with access to great institutions and funding. Enter “sequestration”, a decade long series of across the board automatic spending cuts. Federal funding cuts of at least 700 million to 1.6 billion per year to the department of Health and Human Services that oversees the NIH, the NSF, NASA to name a few. Some in the scientific community have referred to the current state of affairs as the “doomsday scenario”. Federal assistance directly affects basic biomedical research, product development, key scientific breakthroughs and possible life saving procedures. The economic impact could result in the loss of 20,000 research and technician jobs. Even researchers that receive the highest score on their grant application will not be awarded the total funding requested.
As a consequence, some researchers will feel compelled to take short-cuts in key steps in their research. In the long term we ultimately risk losing the pool of young curious and intelligent minds that decide to seek a more lucrative and less stressful career path. 58 US Nobel Prize recipients were so alarmed by the “cuts” that they reached out to Congress to save funding for science and provide a pipeline full of younger generations of scientists… (to be continued).
Next week, in part 2, I will review the umbrella agreement, and how we can do things differently to cut costs.
Medical Equipment Source, LLC
How is Federal Sequestration affecting your research endeavors? Let me know in the comments below or join the conversation on LinkedIn.