“In the 30 years, since President Ronald Reagan created his expensive pie-in-the-sky Strategic Defense Initiative—quickly and appropriately named ‘Star Wars’ by critics and journalists alike—the United States has spent a whopping $250 billion on trying to shoot down fast intercontinental ballistic missiles, such as those that might someday be fielded by Iran and North Korea. This government effort has been a boondoggle, but then huge costs and poor performance rarely cause any government program to be terminated—evidence of this effect is exhibited by the continued flow of money to the project despite three decades of failure.”
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