2% of the entire federal budget is not "such a tiny fraction". It's smaller than many other items if you define "items" broadly (e.g., treat "defense" as a single item, etc.), but I'd still consider it a significant chunk. That said, I agree with what you posted above. Of all the stuff that the federal government flings it's yearly trillions at, funding for scientific research is near the top of the list in terms of meritoriousness.
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