Cut are not needed, but a change in thinking would help.
Instead of the US government wasting billions of taxpayer dollars trying to play investment bank for companies like Solyndra, that $500 million should have been spent on R&D.
Instead it went to pay huge bonuses for Solyndras board of directors and upper management and to pay for the purchase of Photon Solar in India.
A purchase that allowed them to outsource the $4 billion in solar farm contracts from California that Solyndra won the bid on solely because they claimed to be an in state production company.
That $500 million would have funded a lot of R&D.