Presidents Call for Action on 'Innovation Deficit'
The presidents of 165 universities issued a joint statement Wednesday calling on President Obama and Congress to deal with the "innovation deficit" facing the country. "Our nation’s role as the world’s innovation leader is in serious jeopardy. The combination of eroding federal investments in research and higher education, additional cuts due to sequestration, and the enormous resources other nations are pouring into these areas is creating a new kind of deficit for the United States: an innovation deficit. Closing this innovation deficit—the widening gap between needed and actual investments — must be a national imperative," says the letter. "The path for resolving appropriations, the debt limit, and a potential long-term budget agreement this fall is unclear. What should be clear is that the answer to our nation’s fiscal woes must include sustained strategic federal investments in research and student financial aid to close the innovation deficit and bolster our nation’s economic and national security for decades to come."
The letter was coordinated by the Association of American Universities and the Association of Public and Land-grant Universities.