Some thoughts on the debt crisis

First, I think the consequences for US science, were the US to default and possibly even if Congress and the President reach a deal, will be negative. In macro terms, I see Federal R&D on a downward glide slope that may well turn into a dive.

Second, I think the combination of the US debt crisis and the European sovereign debt melt down are potentially devastating to the entire global science enterprise. Asia is not yet at the point where the massive western science infrastructure is not needed to push ahead.

Third, with regards to the US, the solutions being put forward by both sides are so constrained by the size of the entitlement problem, there is no scenario that I can see where we don’t eat our seed corn.

To give loyal readers a sense of what the future might look like, we might look to the example of Soviet science after the collapse of the USSR in 1989. Not good.

DOD budget, the macro picture: steep descent

Thomas Ricks at Foreign Policy here. Hat tip Andrew Sullivan’s Daily Beast blog.

This is important for several reasons:

1) My guess is that in any prioritization, support for basic research (what’s termed 6-1 in DOD parlance) will be cut the earliest and the most…

2) With the US still involved in Iraq and Afghanistan, it’s easy to imagine that the USN carrier groups would be cut back, which has enormous implications for the protection of global trade (there is no comparable blue water navy).

3) I can’t see how the US would be willing to project boots on the ground, under pretty much any scenario short of complete mobilization. That will be part of the geopolitical calculus of every other nation and non-state actor around the globe.

Back from vacation

Yes, even this blog takes time off occasionally. For me, that involved a quick trip to the Eastern Shore. The image is just another sunset off a cove near St. Michaels. That water is crawling with lots of blue crabs and oysters–so it all fits with the theme of marine biology (meep meep).

But now we’re back, and just in time for DC’s muggiest and hottest days. We get through these, with the AC running, and it’s all down hill.

The FT calls it "American Roulette"….

That’s the headline in the paper edition. The on-line article is here. Behind the firewall, the Chronicle of Higher Education weighs in with what a default would mean for colleges here.

For public universities like Mason, the problem is likely to be in what happens with on-going sponsored research, Pell grants and to a lesser extent the George Mason University Foundation portfolio.

On August 2 (D-Day as default), I’ll be on my way to the MBL in Woods Hole for my annual stint. Sometimes the best way to get perspective on what goes on here in Washington is to get away from it.