Update #7 ·

Update on October 29, 2012

PLEASE continue to spread the word!!! We need 25,000 signatures! THANK YOU! "Declining federal investment in medical research weakens U.S. global competitiveness, a coalition of advocacy groups charged Thursday. In a new report, Research America found that federal spending on medical research and development declined by 14 percent, or more than $6 billion, between fiscal years 2010 and 2011. Automatic spending cuts set to hit in January would further decrease the National Institutes of Health's budget by $2.53 billion. Advocates for U.S. research investment have criticized the automatic cuts, known as the "sequester," for months. This week, Research America chairman John E. Porter said the cuts would stifle the American economy down the line. "Insufficient funding, coupled with deep budget cuts under sequestration, could be devastating for research," said Porter, a former congressman. "Our global competitiveness hinges on a robust investment that will support bright scientific minds, create high-quality jobs and provide a catalyst for private sector innovation." The cuts were triggered by the congressional super committee's failure to reach a deficit-reduction deal last year and comprise part of the fiscal cliff, which some fear will push the U.S. economy back into recession. In total, the sequester will reduce budgets at federal health agencies by $3.8 billion unless Congress acts to stop it, according to Research America. The group's latest report looked at overall U.S. investment in medical research, finding that private industry has increased its spending on new testing in spite of the weak economy." Continue reading article here: http://thehill.com/blogs/healthwatch/public-global-health/264319-advocates-lament-shrinking-funds-for-medical-research

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