New Scientist runs an interview with National Science Foundation Director Arden Bement where he discusses what the Foundation will do with its share of the stimulus fund.  It appears the NSF will follow the same path of the National Institutes of Health and use the funding boost to clear the backlog of proposals.  After the interviewer asks about the hard landing sure to follow, Director Bement mentions that

If we plan and manage well, this will not be a major factor. The president has plans for a big increase in NSF funding in 2012. By integrating our usual budget increases with the stimulus money we will make this work.

This suggests that the increase Bement mentions will be above and beyond the planned increases from President Bush’s American Competitiveness Initiative and the COMPETES Act.  I’ll believe it when I see the President’s FY 2012 request, which will probably come around the same time President Obama will be looking for Director Bement’s replacement (his 6 year term expires sometime in 2010).