Obama vows to increase U.S. research spending to 3% of GDP
President says mix of government spending, private-sector initiatives will be needed
IDG News Service - President Barack Obama today announced a goal of ensuring that 3% of the country's gross domestic product is spent on scientific research and development.
That amount would represent the largest commitment to scientific R&D in U.S. history, Obama said during a speech at the annual meeting of the National Academy of Sciences. But the president said his goal can only be achieved through a combination of government spending and private-sector initiatives.
The U.S. currently spends about 2.6% of GDP on R&D, according to the most recent National Science Board figures. That places it second overall among the G7 countries, just behind Japan.
To encourage increased private-sector investment in research, Obama said he wants to make the federal government's research and experimentation tax credit permanent. The credit has been extended multiple times over the years since it was first offered in 1981.
Obama also called on scientists to help improve America's education system. "Use your love and knowledge of science to spark the same sense of wonder and excitement in a new generation," he said. "Spend time in the classroom, talking and showing young people what your work can mean."
In addition, the government must take steps to attract and retain higher-quality science and math teachers, Obama said.
The president repeatedly framed his remarks with references to the early days of the U.S. space program, calling that period "the high-water mark" of government investment in R&D. The space program sparked a wide range of scientific innovation, leading to benefits that went far beyond the historic Apollo missions, such as advancements in building materials and fire-resistant fabrics, he said.
Meanwhile, clean energy is "this generation's great project," Obama proclaimed. He added that such work will be furthered by the Advanced Research Projects Agency for Energy, a new agency that's being funded through the economic stimulus bill signed into law by Obama in February.
ARPA-E is being modeled on the Defense Advanced Research Projects Agency, which was created in the 1950s (initially without the "Defense" in its name) in response to the Soviet Union's Sputnik satellite launch. The new operation will be tasked with doing the same kind of "high-risk, high-reward research" that DARPA has done, Obama said. "We will make renewable energy the profitable kind of energy."
Obama has proposed spending $150 billion over 10 years on renewable energy and energy-efficiency initiatives.
- 10 Hot Big Data Startups to Watch
- 11 Unique Uses for Google Glass, Demonstrated by Celebs
- How to Export Your Google Reader Account
- How to Better Engage Millennials (and Why They Aren't Really so Different)
- Telltale signs of ATM skimming
- 20 security and privacy apps for Androids and iPhones
- Big screen con artists: 7 great movies about social engineering
Today, many government agencies – civilian and defense – find themselves in a technology quandary: the volume of data that must be stored is growing rapidly, while shrinking budgets are limiting capital expenditures (i.e. – servers, storage devices, etc.) required to store all of this data.
- IT Certification Study Tips
- Register for this Computerworld Insider Study Tip guide and gain access to hundreds of premium content articles, cheat sheets, product reviews and more.
- Federal IT Innovation Caught in a Catch-22
- Fed resources shoring up old infrastructure, holding back new technologies.
- ESG Lab Validation of QLogic's Caching SAN Adapter
- ESG details the results of their testing of QLogic's new 10000 Series 8Gb Fibre Channel Adapter with a focus on scalable database performance...
- Deliver Customer Value with Big Data Analytics
- Big Data requires that companies adopt a different method in understanding today's consumer. Read this white paper to learn why Big Data is...
- Cloud Analytics for the Masses
- Learn the best practices in building applications that can leverage volume, variety and velocity of Big Data for organizations of any size.
- An Interactive eGuide: DDoS Attacks
- In today's world, Distributed Denial of Service (DDoS) attacks on organizations are becoming more prevalent. The number of attacks are increasingly annually with... All Government IT White Papers
- 3 Reasons Why Sepaton is the World's Fastest Backup Solution
- Leading analyst, Storage Switzerland learns how Sepaton backs up and deduplicates massive data volumes while maintaining the industry's fastest performance - all in...
- Virtustream (Vayence) video taking a 3000-Seat SAP Environment to the Cloud
- How can public cloud services help your organization reduce costs and increase security for your mission
- Williams & Fudge on Transforming IT with EMC
- Watch Williams & Fudge Data Center Director Phillip Reynolds discuss why this accounts receivable management firm turned to EMC.
- The Success Network: Driving Business Forward
- The communications and connectivity infrastructure of your organization is the focus of this KnowledgeVault Exchange, sponsored by Comcast Business.
- Advanced Voice Solutions for Your Business
- How can hosted business class voice services help mid-sized business be more agile, competitive and ready for growth? All Government IT Webcasts