I, and every scientistĀ I've talked to, believeĀ the end result of this devastating cut will be that UniversitiesĀ will simply pass on the buck to investigators. Many of us fervently agree that university administrations & bureaucracy should beĀ downsized and reformed. This maneuver is going to do nothing to actually instigate that change, it is simply going to result in a giant DIRECT cut to biomedical science in this country that is going to cripple science, lead to layoffs of hardworking students and postdocs with big dreams who are the country's future, and destroy this country's scientific pre-eminence. I personally find it hard to fathom how Elon Musk andĀ pals, who clearly understand the value and beauty of science deeply, could not see this endgame and...hesitate. This is matricide.Ā
@shaunmmaguire @elonmusk
Last year, $9B of the $35B that the National Institutes of Health (NIH) granted for research was used for administrative overhead, what is known as āindirect costs.ā Today, NIH lowered the maximum indirect cost rate research institutions can charge the government to 15%, above what many major foundations allow and much lower than the 60% that some institutions charge the government today. This change will save more than $4B a year effective immediately.