By now you probably have already heard about companies that make medical devices getting taxed more under ObamaCare. This tax will cut into the research private industry does.
What will become of the research and progress?
Government to the rescue!
How? A contest for undergraduate students that will compete for $10,000 in three different categories.
Instead of professionals that do this for a living and know what the demand of the market is, the government is taxing these professionals out of innovation and will give it to students to create stuff that the market may not even be demanding. Problem created and problem, ... what's the opposite of solved?