Stem stell research is important for the betterment of society and the lives of many people can be improved by the discoveries that stem cell research allows. Funding should be raised to a higher level to allow for more and better research to be done to find cures for many of the diseases and illnesses that can be helped through stem cell study.
No, federal funding for stem cell research is not inadequate for substantial progress in research, because there are always private companies that will research too. Wherever there is profit to be made, there is a company that is willing to do the work. Private organizations will pick up where government funding leaves off.