The USSR launched Sputnik in the 1950's. The world situation was vastly different than today. The US was still the pre-eminent producer of goods and was rebuilding Europe and was exploding with growth.
Much of the response to Sputnik was government backed and financed research and development. Nowadays, any such government spending must be immediately balanced by cuts somewhere else.
Ain't gonna happen. It would have been as if Eisenhower and Congress had destroyed Social Security to get money to send a man to the moon...
It brings to mind those spare tire covers on vans that used to say "We're spending our childrens' inheritance!" I had a picture of one before in September 2008, so I ran it again. The tire cover has a copy of Goya's picture Chronos Devouring His Children:
Of course, people will have the choice between the cute motto: "We are Spending Our Grandkids' Inheritance" or the apocalyptic motto "We are Devouring the Future" to be printed on the perimeter.
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