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Problem is, we don't have more money to spend on anything. The US government is spending twice revenue - not a position where you hemorrhage cash & credit with
by ctdonath 13y ago
Problem is, we don't have more money to spend on anything. The US government is spending twice revenue - not a position where you hemorrhage cash & credit with no concern for profit. (And no, it's not going to "stimulate the economy" back up to break-even.)
On top of that, the government used to take such risks in unproven technologies, underlined by tolerating the non-trivial odds of spectacular lethal failure...but that was decades ago. Now it can't even make a bus door without plastering eighteen warning signs around it [1].
Exploratory spending is great when you have money to spare. We don't. Now we have to rely on Elon Musk et al to pursue outlier projects - and they only reason they can is because of the big literal payoff if it works.
[1] - Have you counted 'em? I have. 18.