I was pretty perturbed to discover an NSF grant I was involved with spent about 10% of the budget on-the-ground paying equipment and labor, while the other 90% went towards the university department that arranged for the grant. Not that the department head didn’t put in many hours over years of effort to establish that grant (among others), but it just seemed like comingling funds to me as an outsider, like, the money didn’t go to what the grant said it was for except in a tertiary way of “the phd students have to come from somewhere” but through a series of fumbles no research really came out of the project, but at least a middle school got a makerspace out of it.
I guess what I’m saying is, there’s a lot of people who have experienced what feels like government waste and voted for a party that promises to dismantle the bureaucracy, so I’m not surprised they’re making these moves.
Will the world be worse off for it, probably. Will the current crop of billionaires make up for it by funding public institutions like the Carnegies and Rockefellers? Doubt it. Maybe Europe and Asia will pick up the slack (and brain drain the USA as a result)