After already slashing R&D funding, the Sequester is about to deliver another kick in the teeth to American competitiveness: it’s going to sharply reduce our ability to measure it. This one comes courtesy of the Bureau of Labor Statistics, whichannounced last month that the sequestration has forced it to eliminate itsInternational Labor Comparisons (ILC) program, a neat little database that adjusts foreign data to a common framework, allowing you to compare the traded sector health and competiveness of the United States against that of other countries.
Science and R&D
Entitlements or Investment? Democrats Must Pick
In a piece for USA Today, Rob Atkinson argues that unless more older Americans work, pay taxes and take fewer benefits, the only realistic way to address the budget deficit will be more cuts in investment and core government programs.
The Real Cost of the Sequester
By continuing to focus on the budget deficit alone, policymakers, advocacy groups, and commissions such as Simpson-Bowles and Domenici-Rivlin miss the broader problems the American economy faces. To ensure our overall economic health, we must address the stagnation of funding for innovation that is necessary to promote new business development, global competitiveness and job growth. Government should be focusing on reducing the investment and the budget deficits together, not implementing sledge-hammer budget cuts that will ultimately make our economy weaker.