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NASA starts venture capital fund! They can't be serious

With the annual Federal deficit at around $300 billion, a weekly $1.5 billion cash burn in Iraq, and the National Debt a little north of $7 TRILLION, you would think our trusty lawmakers would be watching OUR pennies.

Instead, they are finding new and creative ways to waste OUR money.

The Washington Post announced this morning that "NASA Invests in Its Future with Venture Capital Firm." In a project that is called "Red Planet" but surely should have been called "Red Ink," the wise folks at NASA have set aside $75 million of your dough to fund projects so "NASA could see a lot of technical innovation" through its direct ownership in technology companies.

This idea is a screaming loser on so many levels it is almost hard to get started.

Continue reading NASA starts venture capital fund! They can't be serious

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