Reports strengthen case against sequestration
On Oct. 18 the Baltimore Sun published a story detailing the devastating impact of sequestration on Maryland’s research funding. Since federal science agencies are slated for a decrease of $57.5 billion between 2013 and 2017, the article says “business and institutions in the state would receive $2.5 billion less in health-related spending and $2.1 billion less in defense spending.”
Voices have also been raised from the private sector. Earlier this month, executives from the largest U.S. financial institutions called for a bipartisan solution to stop the looming tax increases and spending cuts known as the fiscal cliff, saying the impasse in Washington would likely rock financial markets and damage the American economy. Executives from Goldman Sachs, JPMorgan Chase, Bank of America and other institutions said in a letter to the president and Congress that without a debt deal, interest rates could rise substantially, which could sharply increase borrowing costs.
Meanwhile APA continues to encourage its members to contact their members of Congress to let them know that constituents really are concerned about the pending spending cuts. You may recall that APA and the Federation of Associations on Behavioral and Brain Sciences (FABBS) recently held a webinar to brief psychologists on making visits to their member of Congress on this topic. The recorded archive of the science advocacy webinar is now available online for those of you who were not able to join us for the live broadcast. It is not too late to schedule a meeting with your Representative.
Want to know how sequestration would hit NIH research in your state? The American Brain Coalition has provided the data for this handy table (PDF, 44KB) that shows, state by state, the amount of NIH funding for 2010 and 2011 and estimates the dollars and number of jobs lost by a sequester of 8.2 percent. We encourage you to use this information when you speak to your representative or senator.