U.S. Debt Deal Could Dramatically Slash Science Funding In 2013 -- Scientific American
US science agencies avoid immediate pain but could be devastated by automatic cuts in 2013.
Scalpel or guillotine? Those are the possible fates in store for US science funding after Congress and the White House reached a deal to cut federal spending and raise the nation's self-imposed debt limit before a 2 August deadline.
The product of tumultuous negotiations, the deal largely spares science in the short term but puts a day of reckoning on the horizon: 2 January 2013. If politicians cannot agree on how to improve the government's fiscal outlook by then through targeted cuts and other means--the scalpel option--their failure will automatically trigger the guillotine: a deep cut applied across a range of expenditures, including research. In the worst case, the automatic cuts could mean shuttered laboratories and mass lay-offs at universities.
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My Comment: The cutting has already happened .... look at NASA
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