Conversely, you could equally argue that NSF spending on training graduate students, and on technology transfer, subsidies industry.
I worry that this will lead to a vicious cycle of fewer grad students in the US, leading to less industry in the US, leading to fewer grad students in the US, etc...
I worry that this will lead to a vicious cycle of fewer grad students in the US, leading to less industry in the US, leading to fewer grad students in the US, etc...