It won't be budget cuts, but the lack of political will. If SOME politician in charge would just give NASA a well-defined mission such as "10 years for a working moon base" or "15 years to land humans on Mars" they would find a way to pull it off, even without budget increases -- provided that the next guy doesn't just change or the mission. But this takes guts, and the willingness to stand up to the inevitable chorus of of naysayers and space-hating dullards who will keep yammering about budget deficits, etc.
So instead, they end up spending a considerable amount of money on ENDLESS reorganizations and PowerPoint presentations while they lose engineers who are tired of the Sisyphean nature of working on projects that are prone to the whims of yearly budget cycles.
Sometimes I feel like the politicians are AFRAID of letting NASA accomplish something grand, lest they attract the (unwarranted) attention of the aforementioned naysayers.
Source: http://rss.slashdot.org/~r/Slashdot/slashdotScience/~3/HXncGstK-vY/nasas-next-mission-deep-space
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