Between the 40th anniversary of the moon landing, and today’s shuttle docking, everyone’s talking about space and NASA. Columnist Charles Krauthammer bemoans our lack of urgency in returning to the moon. Whether you agree with him or not, there’s no doubt that NASA’s golden age is over, with spending having peaked in 1987 at over 1% of the federal budget. But with the end of the Space Age and the Cold War in the early ’90s, its share of total spending has been on a long, slow decline.
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