President Obama Calls For New 'Space Race' Funding

New submitter dmfinn writes "While his union address covered a wide range of topics, President Obama made sure not to skip over the U.S.'s space program. The talking point was nearly identical to the one he gave in 2009, in which he called for space R&D spending to be increased past the levels seen during the the original cold war space race. Now, 4 years after that speech, it appears things have gone the opposite way. Since 2009 NASA has seen some serious cuts. Not only has the space-shuttle program been deactivated, but the agency was forced to endure harsh funding cuts during the presidents latter term. Despite an ominous history, it now seems that Obama is back on the space objective, pushing congress to increase non-defensive R&D spending to 3% of the U.S. GDP. It's important to keep in mind that not all of this money goes directly to space related programs, though under the proposed budget the National Science Foundation, Department of Energy Office of Science, and the National Institute of Standards and Technology Laboratories will have their budgets doubled. There will also be an increase in tax credits towards companies and organizations working on these R&D projects. Should the U.S. go back to its 'Let's put a man on the moon' ideology, or is the federal government fighting an uphill battle against newly emerging private space expeditions? Either way, the question remains whether or not Obama will act on any of the propositions."

Comments

Re:Mr. President

[Lendrick]

That sounded suspect, so I thought I'd take a quick look at some real numbers, which probably aren't of interest to you, but should be seen by other people so they don't take your statement at face value.

• The combined income of everyone in America is roughly 13 trillion dollars (http://bber.unm.edu/econ/us-tpi.htm)
• This year's projected deficit is about $850 billion (http://www.miamiherald.com/2013/02/12/3230392/growth-in-us-budget-deficit-slows.html)
• The top 10% of earners account for about 22% of the total income (http://www.nytimes.com/interactive/2011/10/30/nyregion/where-the-one-percent-fit-in-the-hierarchy-of-income.html), or just under 3 trillion dollars per year.

A 100% tax on their income would close the deficit twice over, even if no spending cuts were made, and that's assuming that they're already paying the maximum marginal tax rate of 39 percent (hint: many extremely wealthy people are making money from capital gains, and are taxed at 15% on that income).

Your statement is demonstrably false.

Won't Ever Happen

[organgtool]

I've been saying this for a while. The last space race we had allowed 440,000 engineers to make advances in almost every sector of industry. From materials that could withstand the cold of space and the heat of re-entry to the computer and hardware that controlled the spacecraft, that decade was one of the most productive periods of technical advancement in human history. And we don't stand a chance of doing it again, not because there's a shortage of big technological problems, but because of the fact that there is a large segment of the population that believes that the government should not be involved in such technological advancements - the private sector should do it alone. And here we stand, at the sunset of the American empire, and many Americans are too ideological to see the value in having the government work in cooperation with the private sector to make another technological push that will propel us further out into the lead. We've already reduced government's role in technology quite a bit and yet we seem to be losing ground to the Chinese who are using a combination of the public and private sector to push forward. I know many people are rightly concerned about our national debt, but you have to spend money to make money. We just have to be a LOT better at taking the money we make and actually paying off our debt for once.