While there's much to like in the President's FY 2015 budget, it still underinvests significantly in U.S. competitiveness and innovation.
America's Investment Crisis
Investment in new-capital machinery, equipment and software is the primary means through which innovation spreads throughout the economy. As these innovations diffuse through industries, they raise productivity, lower costs of production and improve the competitiveness of the American economy as a whole. However business investment in the U.S. has fallen significantly in the last decade, exacerbating the economic stagnation we face.