We’re out of money. We simply no longer have the luxury of national wealth to pursue this sort of science.
China does.
And if you want to know who is responsible, ask the advocates of “free trade” why China has so much available capital that they can pursue a space program at the same time they own over $1 trillion of US Treasury debt...
“...We simply no longer have the luxury of national wealth to pursue this sort of science...”
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I agree but at the same time we could have — if we were not funding massive government waste, hundreds of billions in illegal alien support, massive welfare rolls, some wars that have turned out to be a waste of life and treasure, and national suffering from a class of electorate that is ignorant, selfish and stupid that voted into our White House the worst possible anti-American Marxist that is destroying what we do have left and has spent 5 trillion generating huge totally wasted multi-generational debt.
When you compare all this to cost of our space program, in its most productive days, the cost of NASA and all its projects does not even appear on the radar. This is what makes me mad as hell!!!! But I never did expect THIS administration in particular to do anything but destroy our space program as part of an agenda to fund the forcing of socialism upon America and pull down all of our greatness.
Hope you can understand my frustration with what our own government has done, and continues to do to us as the once greatest nation on earth.
china have so much capital because THEY SAVE!!! While American policy is to encourage people to go borrow money to buy a house or invest in business
magic formula to economic growth
saving -> capital formation -> productivity -> wages increase -> higher living standard aka consumption
Consumption comes at the end. Its the effect of high savings. Look at it from an individual point of view. The more you save, the more you can consume