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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?

To: Knighty Tin who wrote (110929)	1/31/2008 6:32:34 PM
From: Freedom Fighter	Read Replies (1) \| Respond to of 132070

KT, I'm sure a ton of great stuff started as a result of R&D in areas like defense, NASA, and other projects that couldn't get funded privately. As a result, we've probably made huge progress in some areas that we otherwise wouldn't have. I'd simply argue that overall, we probably got a very low ROIC on all that investment. In addition, the tax money that was used for those things was unavailable for other uses in the private sector where other discoveries we don't know about might have been made.