The biggest issue I see is, less governmental spending on R&D. Historically, private industry has waited and relied on government R&D to create new technologies

The biggest issue I see is, less governmental spending on R&D. Historically, private industry has waited and relied on government R&D to create new technologies ready for commercial application. (aka Internet) It's understandable private R&D spending will be low. The government has done the hard work of figuring out hard problems. What is going to happen if we continue to spend so little on R&D? Companies waiting around for "attractive opportunities" may never come.