China and India's current budget are equal to 1/10 th nasa's. There funding is expect to more than double in the next ten years. They both plan to have a man on the moon by 2015.
Add to this they are getting things done for 1/4 the price of NASA.
They don't fear dealth of astronaunts. They have the motivation to improve with real goals.
So within ten years each space agency will be achieving more than the whole of europe.
We can't compete unless we get rid of nasa's dead weight and start getting competitive.