Well, its all pointless. Japan is officially building a space elevator. That will reduce costs by thousands per kilo and also stop blowing holes in the atmosphere whenever we want to get something up there.
It will also allow Japan to control the commercial aspects of practical space travel for many years.
Since they have actually allocated funding for its construction, its fair to say that this is a thing we will see in our lifetimes.
This just leaves NASA open to be bought by a private company/person and do something awesome like get the first moon colony named after them.
Also I don't like this personally. Spaceflight has always been something that has inspired and gives hope to Americans and has been from the beginning. According to this, Obama hates hope.
Seriously, not cool Obama. I understand budget cuts but jeeze. The space program? Why not get rid of that healthcare thing.
As well as the above, there is always the Virgin Blue space program, that is commercial travel in space.
Space just costs too much to reach, surely its fair to say that he can reallocate funds until America recovers financially.