I just finished reading a medical thriller by Robin Cook, SEIZURE. A good read about embryonic stem cell research and also thought provoking about the potential problems (i.e. impregnating young women with female fetuses and harvesting them at 5 months) vs the promising results for Parkinson's and Alzheimer's diseases.
OK, I get your point. I always find it a bit suspect that any government entity (NIH in this case) can't find a way to spend every dollar it is awarded by the Congress. If it is true (and I admire Krauthammer emmensely) then it sure isn't Bush's fault that NIH isn't spending the money/there aren't enough original proposals to warrant awarding the money.