Comment Re:Why are our tax dollars going for this crap? (Score 1) 96
Our tax dollars are going to these projects because private enterprise is unwilling to take up projects that will produce a guaranteed return for their investors. It is notably unwilling to take on risky projects, or, projects that do not have that clear return. Only an organization that has no profit motive (I.E. The federal government) is willing to invest the large sums in a project that might blow up during the boost phase of a launch. The fact is that the space program is quite profitable - The early years returned upwards of $14 for every $1 invested...yet, in spite of that, SpaceX is the ONLY private company that is interested in taking up the task. Even they are focusing on being truckers - providing transportation for other things into space..they have no interest in putting an exploration robot onto another planet, or sending a probe out into deep space to see what we can see.
As for the current debt...this article does a good analysis of it: http://useconomy.about.com/od/monetarypolicy/f/Who-Owns-US-National-Debt.htm and, it shows that in terms of the overall debt, China holds about 10% of the total. less than half the debt is held by foreign countries and investors. Not that it means it is good that the country owes that much cash, by any means...but, it is not like China could come in and put a lien on the country....