Actually all money is debt issued by the federal government, so all money is created by the goverment period. In fact you can think of taxes as a big money incinerator every year and the goverment just creates money to pay for what it wants to do every year - the debt/deficit is just the difference between the incinerated money and the money created out of thin air. To talk of "publicly funded with private funds" is the biggest piece of horseshit I have read in a long time, it assumes money comes from businesses or "wealth creators" (how Bill Gates can "create" money is a mystery to me, he has to get it from someone else) or some other bullshit - currency is created by the goverment, it _is_ debt, and the goverment can create it at will and decide to pay people to do whatever the goverment decides needs to be done. The reality is money is just a way of keeping score, what is real is what people _do_, if a guy in a goverment lab invents the transistor or a guy in bell labs makes a transistor it does not matter, what matters is we now know how to make a transistor - the fact is the goverment has used some of its money to invest in long term research, which has helped the econmony, businesses who always have to worry about revenue and costs generally do not invest in long term research, the gov't can because it doen't have to worry about getting the money back, all it really has to worry about is the amount of money in circulation.