Jan 9 1992
From The Space Library
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(New page: Many scientists, concerned that there might not be enough money for basic research, question the wisdom of spending huge sums on projects such as the Space Station. Yet, research shows tha...)
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Many scientists, concerned that there might not be enough money for basic research, question the wisdom of spending huge sums on projects such as the Space Station. Yet, research shows that the economic benefits of NASA's programs are greater than generally recognized. In 1987, NASA's procurement budget generated $17,800 million in total industry sales, had a "multiplier effect" on the economy of 2.1 million people, created 209,000 private-sector jobs and $2,900 million in business profits, and generated $5,600 million in Federal, State and local government tax revenues. Furthermore, these benefits were widely distributed throughout the country. (Nature, Jan 9/92)
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