I believe it is not in our character, the American character, to follow. It’s our character to lead. And it is time for us to lead once again. So I’m here today to set this goal: We will devote more than 3 percent of our GDP to research and development. We will not just meet, but we will exceed the level achieved at the height of the space race, through policies that invest in basic and applied research, create new incentives for private innovation, promote breakthroughs in energy and medicine, and improve education in math and science. (Applause.)
This represents the largest commitment to scientific research and innovation in American history.
Just think what this will allow us to accomplish: solar cells as cheap as paint; green buildings that produce all the energy they consume; learning software as effective as a personal tutor; prosthetics so advanced that you could play the piano again; an expansion of the frontiers of human knowledge about ourselves and world the around us. We can do this.
The White House - Blog Post - The Necessity of Science