As of February’s passage of the American Recovery and Reinvestment Act of 2009, the US is now committed to spending almost $800 billion to stimulate our stalled economy over the next few years. Apart from job creation, one of the goals of the stimulus package (as it’s commonly called) is to boost long-term American competitiveness by rebuilding the now-depleted fund of basic research capital that the Cold War era produced, the dot-com era spent, and the post-9/11 security state finished off.
Stimulus: Stanford’s President on the $800 Billion Question
April 14, 2009