Implications of the fiscal cliff

[ablavar]

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What does this mean for funding rates? My PI's last grant submissions didn't even get discussed. Are things ever going to look up?

 

[Neuronix]

If we fall off the fiscal cliff, we'll have bigger problems than our grants getting renewed. Doctors reimbursements under medicare will drop 27% immediately. Most clinical practices will stop seeing medicare patients and/or go underwater very quickly. Plus of course military spending will be drastically cut and unemployment benefits will stop for a lot of Americans, among other issues. For those reasons I doubt the fiscal cliff will happen. The stakes are too high. I believe some compromise will be made. It's too bad it has to wait this long, as I think the brinksmanship undermines confidence in the USA as a whole and devalues our currency and bonds.

In any case, research funding will likely not improve under whatever compromise we come to. We'll see.

 

[gbwillner]

What does this mean for funding rates? My PI's last grant submissions didn't even get discussed. Are things ever going to look up?

EVER? Probably. SOON? Probably not.

 

[Dr Love]

What does this mean for funding rates? My PI's last grant submissions didn't even get discussed. Are things ever going to look up?

They haven't gotten any better for the last ten years - so I am guessing no.

 

[agp4]

I keep hearing that these funding cycles are 10-15 year cycles, and that we're in a particularly deep downswing at the moment. PIs keep telling me that things are going to be much better in ~6 years when I go up for my first round of grants. But, I have a nagging suspicion that this is what everyone is telling themselves to avoid jumping off the roof...

 

[Neuronix]

I keep hearing that these funding cycles are 10-15 year cycles, and that we're in a particularly deep downswing at the moment. PIs keep telling me that things are going to be much better in ~6 years when I go up for my first round of grants. But, I have a nagging suspicion that this is what everyone is telling themselves to avoid jumping off the roof...

The cynical answer is that the senior people need junior people.