If I look at other countries and how they are borrowing from our playbook--we have a long history of funding our research and development through our national labs, through our universities, and even in some companies.
Chu discusses the U.S. research funding compared to other countries.
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More from Steven Chu
President Obama has a plan for the United States to win the future by out-innovating, out-educating and out-building the rest of the world while at the same time addressing the deficit.
We think that research, development, and demonstration of those advanced biofuels is something very much in the interest of the United States.
This budget helps reduce our reliance on oil by developing the next generation of home grown bio fuels and by accelerating electric vehicle research, development, and deployment.
I wonder whether some of these long-term subsidies for energy, whether big oil or big wind, might be better spent for energy research.