Earlier quoted context omitted.
I've heard about shrinking budgets for so long if the statements were true I'd expect all the budgets to be $0 by now.
The slope is down just not steep. https://www.aaas.org/sites/default/files/RDGDP;.jpg Basically, we are down ~45% relative to GDP since 1980 but there are years with minor increases.
In 1980, US nominal GDP was USD 2.863 trillion. Today it is USD 18.625, which gives out an average growth rate of 5.34% and thus an 650% increase over 36 years. Real growth over the same period is around 2.69%, which gives out a 259% increase in real GDP, which is still way above a 45% decrease. In real terms, research budgets are actually 42.45% higher than what they were in 1980.
Which says nothing about how much they should be. But still, parent went on about sinking budgets, not budget-to-GDP ratios.
GDP figures: https://www.thebalance.com/us-gdp-by-year-3305543