A Comment About

New Space Policy Questions and Advice for Mitt

January 28, 2012 - 3:51 pm - by Rand Simberg
MSO
2012-01-29 22:17:23

DC spends tens of thousands per second, 40+% of it borrowed money, and we are engaged in a discussion about moon colonies?!?!

We (the US) have just authorized another trillion plus dollar increase in borrowing; that is the third such increase in the past five months. Did we rebuild the interstate highways with that money? Did we build nuclear power plants? Did we build an oil pipeline from Canada? Do you know (not think, but know) where all that money went?

The only possible option to pay off our national debt is through growth. I know, someone once commented that ‘a billion here, a billion there and soon were talking real money’. Well, now were spending a trillion here and a trillion there on nothing at all that promotes growth.

Newt’s prize of a few billion or even tens of billions or even hundreds of billions is pretty small potatoes by comparison. This money promotes real growth, real scientific advancement, real opportunities for real people to build real companies manufacturing real products which will bring about new resources, new adventures and real purposeful reasons for existing.