[...] there's really only $57 million in "new" funding in the R&RA account -- a terribly anemic 1.2 percent increase for the research portion of the only federal agency devoted to supporting basic research. When you factor in inflation, that 1.2 percent really represents a cut [...]
Via aaron_clauset, the status of research funds in the current federal budget. Even the DoD is hurting on basic research. So much for the America Competes Act.
(more to say on this, but I have to start packing for a flight in the morning.)