Out of a $2.4 trillion budget, less than 0.8% is spent on the entire space program! That's less than 1 penny for every dollar spent. The average American spends more of their budget on their cable bill, eating out or entertainment than this yet the benefits of space flight are remarkable. It has been conservatively estimated by U.S. space experts that for every dollar the U.S. spends on R and D in the space program, it receives $7 back in the form of corporate and personal income taxes from increased jobs and economic growth. Besides the obvious jobs created in the aerospace industry, thousands more are created by many other companies applying NASA technology in nonspace related areas that affect us daily. One cannot even begin to place a dollar value on the lives saved and improved lifestyles of the less fortunate. Space technology benefits everyone and a rising technological tide does raise all boats.
One small example is the Hubble Space Telescope. Much maligned at first because of its flawed optics, it still produced better photographs than anything here on Earth. Once fixed, it has produced even more startling scientific data which we have only begun to understand and apply. One of the many spinoffs from the Hubble telescope is the use of its Charge Coupled Device (CCD) chips for digital imaging breast biopsies. The resulting device images breast tissue more clearly and efficiently than other existing technologies. The CCD chips are so advanced that they can detect the minute differences between a malignant or benign tumor without the need for a surgical biopsy. This saves the patient weeks of recovery time and the cost for this procedure is hundreds of dollars vs. thousands for a surgical biopsy. With over 500,000 women needing biopsies a year the economic benefit, per year, is tremendous and it greatly reduces the pain, scarring, radiation exposure, time, and money associated with surgical biopsies.