I'm worried that NASA has spent all its money and political will (and then some) getting JWT over the finish line.
I mean, we'll still have some big terrestrial infrared 'scopes. And we'll be coming off 20 years of very good space infrared scope data... And we'll have had the smaller Nancy Grace Roman Space Telescope up in L2 also (launching in 2027, nominal life 5 years).... ESA is launching an exoplanet-focused infrared scope to L2 in a similar timespan... Presumably other "smaller" infrared scopes will fly by 2042. So...
There's so many wavelengths and different possible space telescope missions. Let's not replace JWST (assuming it gets a normal mission life)-- let's keep some infrared capability and do something else.
wonder if we could put a telescope on the moon for $10B though.
Most of JWST's wavelength coverage is energies that terrestrial telescopes can do (just less well). It's not like Herschel which went into the far, far infrared (and had its life limited by liquid He as a result).
Re: Moon-- Why put a telescope down a gravity well?
Most of the discussion of telescopes on the moon I've heard has been about radio telescopes, where a huge hunk of rock between you and Earth can be a feature.
Roman is slated for launch in 2027 (and survived the JWST overruns!), LISA in the 2030s, and there are a few competing proposals that haven't totally firmed up for the next decade too: LUVOIR, HabEx, and a few others
Further optical and gravitational observatories are amongst further options.
Trust that plans are in process.