Then the supercollider was canceled, and later we called on CERN in Geneva to brief them on storage systems software and hardware, like hierarchical mass storage and linear tape robots. CERN had a nice mockup of the proposed LHC, where you climbed down a ladder into a fake tube, like what is bored underground. While we were down there, our hosts shared a shocking factoid with us. The US government canceled the proposed $12 billion supercollider project, and to exit all the contracts and fill in the holes that had already been dug was costing $650 million. CERN told us that for $650 million, they could build the LHC. I didn't verify their numbers, but their capital efficiency was stunning.
CERN is funded by all the European countries with a steady budget, and they are allowed to spend it however they wish. When CERN needs to build something big, they put some part of their steady funding into the bank, and it just sits their for however long it takes until they need it. By having steady, stable funding, they can make much more efficient use of their funds. As far as I can tell, there is little or no political heat about CERN's budget like "what have you done for us lately?"
The US, on the other hand, funds large projects out of special legislation in Congress, and everyone has to get their constituents a piece of the pie. This has some gross inefficiencies for large science projects. Appropriate hype is the motive force.