Despite attempts to improve the United Stateâ€™s position in the global economy, the nation has, over the last five years, worsened its ability to compete for quality jobs. Â Further, if the United States does not implement a sustained investment in education and basic research soon, the nation will continue on its downward spiral, according to a follow up report to highly-regarded Rising Above the Gathering Storm: Energizing and Employing America for a Brighter Economic Future.
The new report, Rising Above the Gathering Storm, Revisited: Rapidly Approaching Category 5, warns that the nation has not improved despite the warnings and recommendations made since the original congressionally-commissioned report was released in 2005.
â€œThe Gathering Storm is looking ominously like a Category 5,â€ according to the report, â€œand, as the Â nation has so vividly observed, rebuilding from such an event is far more difficult Â than preparing in advance to withstand it.â€
The report does praise Congress for passing the America COMPETES Act and implementing several funding initiatives to support the improvement of K-12 and STEM education, but warns that funding for American COMPETES is scheduled to expire in Fiscal Year 2010 and stimulus funding for education is nearly depleted amidst the nationâ€™s growing debt.
â€œThe Gathering Storm effort once again finds itself at a tipping point,â€ said Norman R. Augustine, coauthor of a new report and chair Â of the original Gathering Storm committee. â€œAddressing Americaâ€™s competitiveness challenge is an undertaking that will require many years, if not decades.â€