Last spring, Federal Reserve Chairman Alan Greenspan repeatedly cited an unexpected leap in technology as primarily responsible for the nation's sparkling economic performance. In particular, a technology-based surge in productivity appears to be contributing substantially to our economic success. New technologies also improve the quality of our lives. Medical research in pharmaceuticals, biotechnology, and medical devices promises us a healthier life. Environmental research offers cleaner air, water, and soil through better monitoring, prevention, and remediation technologies.
Agricultural research yields a cornucopia of safer, healthier, and tastier food products.
Automobile research leads to cars that are safer, cleaner, more energy-efficient, and more intelligent. Energy research delivers cleaner fuels and reduces American dependence on foreign resources. Information and telecommunications technologies enable instantaneous communications across the globe. These investments will ensure that science and technology will continue to fuel economic growth and allow Americans to lead longer, healthier lives. These investments also will enable America to continue to lead in the 21st century by increasing support in all scientific and engineering disciplines, including biomedical research, nanotechnology, information technology, clean energy, and university-based research.