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I'm a big fan of the space program, but for us to have a Moon base, we will need to have a purpose for it. I think the goal of constructing the largest telescope ever built (like 10x the size of Earth telescopes) on the dark side of the moon (plus an array of radio telescopes) would be an appropriate goal.
The reason the economy slowed down isn't because the tax rate is too high, at least not this time. And I think NASA does more for the legacy of each generation than most other government spending.
I do think that the Earth science people at NASA should really be with NOAA however.
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