Big numbers get scary fast. Best think of it in other terms.
NASA's budget has been, with the exception of the moon landing years (roughly 65 to 69), only 1/2 to 1 % of the Federal budget, no more.
As a society, we spend $70 BILLION a year on lotery tickets . As a society, in one year, we spend 5 TIMES NASA's budget on a product that has been proven to cause cancer, tobacco. One can criticize NASA or the govinmint, but the fault, dear Brutus, lies not in our stars but in our selves...
I'm not convinced that the private sector can replace NASA. It takes a Federal governent to build a transcontinental railroad, a Panama canal, a national highway system, a moon program. The private sector steps in an utilizes the infrastructure to give us global telecom and international TV. I'm also pretty sure that when I finally get to space, it'll be through a tourism company, not as an Mission Specialist.
One more thing that's been bugging me. We beat the Russians, but that race is over. We're friends now. They have a really decent taxi service in the town we're travelling to, and, frankly, they can use the cash. When someone else comes along that's cheaper/better, we'll pay them, and when the US has another vehicle, we';; use the money on that. THE US is still viewed by the world as THE leader in space (well, maybe not by the Chinese
), and we've managed that on less than a penny of every dollar.
Imagine what we could do if NASA's budget was doubled.