The American people bankroll the federal government’s four biggest spending items to the tune of $2.2 trillion annually. Medicare, Medicaid, Defense, and Social Security make up over two thirds of the federal budget.
By contrast, the slivers of the federal budget that go toward innovation are drops in a very big bucket. “We like to think of ourselves as an innovation nation,” writes Alex Tabarrok in The Atlantic, “but our government is a warfare-welfare state.”
To read the full, original article click on this link: Why America Needs To Be An Innovation Nation - Forbes
