I mentioned earlier of the newly-released Science and Engineering Indicators 2008. It certainly is a very daunting document to read and it takes time to extract the important points from it. That is why this analysis of the report is rather useful. It points out the salient points, especially in terms of the pace of R&D in the US when compared with other parts of the world. While the picture isn't as bad, the trend should be worrying. I also wonder what impact this current budget debacle will have, considering that the pace of science is being slowed down considerably right now.