I agreeto Idea Monetary Spending
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Strategic Planning and Budgeting »

Monetary Spending

Why Is This Idea Important?: Economic Recovery

Just a thought, in economic hardship why is there wasteful spending. An example, a week or so ago NASA sent people to repair the Hubble space telescope, I don't know how much it cost to send a space shuttle into space or how much it takes to repair a space telescope, but I'd imagine that it's a lot. But when you really think about it, what is an immediate economic concern, spending money on a space telescope that is not an immediate benefit for anyone down here on earth or pumping more money into Recovery Act programs and projects. I would think that getting out of a recession wuold take precedent over space exploration.

Submitted by clapnot1 3 years ago

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Comments (4)

  1. Peter Jackson

    Two comments:

    -Much of the cost of sending the shuttle into space and repairing the Hubble ultimately goes to wages & salaries (of NASA employees, the employees of contractors, the employees of the suppliers to the contractors, etc.). The space program employs a huge number of people. So, this money is not completely wasted vis-a-vis economic recovery.

    -Our future depends on knowledge. Science creates knowledge that ultimately creates products and technologies that drive innovation, employment and efficiency. This was a repair mission to keep an aging, but incredibly useful, tool working. This tool will eventually be replaced, but if we can repair it and keep it working a little longer, we can put off sending up the replacement (an ultimately much more expensive project).

    3 years ago
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  2. jbristor

    We could be mining Mars for resources with all the monies wasted by the Economic Recovery Act.

    3 years ago
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  3. Bryan Rosander

    In a bizarre way of thinking, they think spending more money will get us out of a recession. They're completely wrong of course.

    3 years ago
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  4. Debra Bryant

    Want to see the surplus money the US government and all states, local governments have? http://CAFR1.com and http://TaxRetirement.com

    and support Campaign for Liberty

    3 years ago
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