Thursday, May 10, 2007

An Unnoticed Victory

David writes that almost nobody noticed that two weeks ago, Congress passed what is called the America Competes Act, which:

authorized an additional $16 billion over four years as part of a $60 billion effort to "double spending for physical sciences research, recruit 10,000 new math and science teachers and retrain 250,000 more, provide grants to researchers and invest more in high-risk, high-payoff research."

Government spending is not created equal. Money spent on infrastructure, research, education, and a few other areas in general give taxpayers a high return on investment, as opposed to the money America loses to purchase security with most safety net programs, for example. This is not an argument against the welfare state, but rather an argument that the money appropriated under this bill will likely pay America back several times over.

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