How Does Space Exploration Affect The Economy

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Leaders of all major nations worldwide are aware that space exploration is indispensable in establishing a super power of a country. The Space Race between the United States and Russia is an illustration of this belief of superiority; each country during this period tried one-upping each other to establish dominance. NASA during the span of this race spent 23 billion dollars (Dickinson). Because of these high priced missions, leaders must question whether space exploration is a beneficial trade-off for the price. As a direct result of these high prices, the government has cut the budget of NASA, taking away jobs and hurting the economy even more. However as former president Andrew Jackson once said, “you must pay the price if you wish to secure …show more content…
It is essential that the country gives more money towards the space exploration industry because without these corporations, the economy would prove to be extremely unstable, there would be no have advancing technology, and there would always be a delay on interstellar projects. As of right now, NASA is trying to reach new goals of expanding human life and attempting to keep earthlings around as long as possible. As being the most intelligent life forms in the galaxy, it is a moral obligation for mankind to fulfill the potential as a species, and push the knowledge boundary of science and space as far as possible. This science boundary is always devolving, however at a leisurely rate. This can be blamed on a paucity of revenue flow. Critics opposing space exploration will argue that this funding from the government damages the economy. When in fact, without these businesses, the economy is in a worse state. In 2012, the NASA budget took a 20% blow to the planetary science programs, crippling all of NASA’s projects relating to the study of other planets (Planetary exploration hit). Not only did this approved cut from congress slash the department upwards of $300 million, but also the planetary science program …show more content…
NASA specifically is constantly working on unbelievable missions, including protecting the planet, and colonizing other worlds. NEO’s are considered flying asteroids that pass by Earth every day. NEO’s may seem insignificant; however there are easily more than 100,000 NEO’s flying around space, capable of killing billions of people. (Curtis 4). These NEO’s can prove to have a catastrophic effect on the world by killing all plant life, destroying the atmosphere, and even taking out continents (Curtis 8). Every day hundreds of asteroids fly by Earth, some posing threats to large amounts of human life. Luckily, NASA has already developed a plan of re-routing these asteroids planned to collide with Earth, however they still are only plans. Because the government refuses to fund companies more like NASA, the entire planet always lays vulnerable, without any defense. This project isn’t the only short-funded mission that has tremendous potential; the Orion spacecraft is also in the same position. This is NASA’s next space vehicle capable of transporting astronauts to destinations including the moon, distant asteroids, and the planet Mars. The first flight has already proved to be extremely successful, and had originally planned to launch in 2018 (Carlisle). Recent news however tells that this project will most likely have to wait

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