After years of stagnant funding to basic research, the stimulus will increase NIH’s budget by nearly a third, 10 billion to it’s already 30billion. Huge. The director of the NIH asks that it be spent on projects that will create jobs and the possible recipients say “No problem.”
Of course this is the discussion in the science blogoshere with postings on the letter on how the money should be spent, the clock is already ticking on the spending of the NSF money (4 months people!), maybe we should be careful how fast we hire (let’s not put people on career tracks that will lead no where), maybe we shouldn’t be doing the same old same old, and more.
I agree with one commenter, the requirement that the projects be ‘within two years’ will be quite simple. It seems that most grant money could easily be planned to be spent in 2 years. I know we could and hire a lot of people in the interim :D.