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The Malignancy in Federal Medical Research

Wendy60 Wrote: Feb 27, 2013 10:28 PM
The government shouldn't be funding medical research anyway. The private sector does a much better job of funding the winners, so it's not like if that funding ceased, much would be lost. The life sciences industry would just have to make some adjustments and carry on.
When George W. Bush was stumping as a "compassionate conservative" in the closing days of the 2000 presidential campaign, he went to Florida and repeated a campaign promise to double the funding for the National Institutes of Health.

"I will lead a medical moon shot to reach far beyond what seems possible today and discover new cures for age-old afflictions," Bush said.

After he won Florida by a famously narrow margin -- and thus was elected president despite losing the nationwide popular vote -- Bush basically made good on his funding promise.

In fiscal 2000, the NIH spent $15.415 billion; in...