Sequester cuts will have long-lasting impact on the private sector

Much government-funded research gives rise to private sector businesses and gives the U.S. a competitive advantage, Gerald Seib writes. "Basic research -- the kind in which nobody is sure where the inquiry is heading until it finds that pot of gold -- has been worth billions of dollars to American businesses over the decades," he writes. The sequester's unprioritized cuts made without consideration of the nation's priorities threaten businesses' future bottom lines, he writes.

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