Our Debt Is More Than All the Money in the World


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There is a lobbying push among a lot of space activists to get the House NASA authorization bill changed so that more money is spent for commercial space. Unfortunately for these activists, reality is about to strike (almost certainly on November 2). Also see this story: Our debt is more than all the money in the world.

With a new Congress almost certainly dominated by individuals who want to shrink the size of government, I doubt anyone in the space industry is going to get much of what they want in the coming years.

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3 comments

  • G’day,

    I don’t know about you, but I think the world is in the early stage of a major economic reconstruction. That debt will eventually need to be paid, defaulted, inflated away or something. It ain’t going to be fun. I’m not sure there’s going to be a NASA by the end of the decade.

    ta

    Ralph

  • As someone who works off of NASA research grants, this is something that I worry about. I’m also a Conservative and want to see the size of government reduced, but I think NASA is one of the agencies that legitimately deserve some level of government funding. However, I think when the budget cutting starts (if it ever does) then NASA will take it in the shorts because it doesn’t have the constituency that some of the social agencies have.

  • G’day,

    Bill why do you think NASA “legitimately deserve some level of government funding” ?

    ta

    Ralph

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