The point to spending on the space program, for example, is shown by the timeline of spinoff technologies . I’m preparing the fiscal numbers using the information posted on this blog to look into asking, “What is the financial effect of science and technology funding?”, so the Apollo program is a perfect example for looking into this question. As discussed in the timeline, Apollo led to “cool suits alleviate dangers from high-heat environments and medical conditions, Kidney dialysis machines remove toxic waste from used dialysis fluid, A machine aids physical therapy and athletic development, A stress-free ‘blow molding’ process manufactures athletic shoes, Communities benefit from water purification technology, Manufacturers preserve food through freeze-drying, and Sensors detect hazardous gasses.”
In today’s money, the $20.4 billion spent on the Apollo program is equivalent to $109 billion . If we look at the markets that exist now because of these technologies (attempt to estimate the revenue gained if the technology did not now exist), then the dialysis market brings in $16 billion A YEAR (+, more than that due to secondary effects from increased quality of life) , the sports coaching market (which would benefit from a “machine aids athletic development”) brings in $6 billion a year (-, less because an athletic development machine would only lead to changes in part of the market) , the physical therapy market brings in $30 billion a year (-, less is attributable to the technology) , the athletic shoe market brings in $75 billion a year (-, less) , the water purification market brings in $20 billion a year (+, more from secondary effects) , and the hazardous gas detection market is $2 billion a year (+, more) . Note that I have not been able to assemble fiscal numbers on all of the technologies listed above because of time constraints to do all the research. Also, the spinoff timeline did not mention that the Apollo program led to the development of the expendable launch vehicle market which is $53 billion over the next 10 years .
So finally, we can get our hands on a comparison. $20.4 billion spent in 1970 on the space program translates to somewhere around $154.3 billion dollars _A YEAR_ in technology-based markets. What this roughly indicates is that the cuts in NASA funding is the farming equivalent to eating your seed corn.