The problem with space exploration is that we are basically grounded by our relatively primitive means of deriving energy. Sure we have fission reactors and most likely fusion reactors in the near future, but what are they really? Nothing more than glorified steam engines as at the end of the day all they do is turn a turbine. In some regards a modern reactor is no more advanced than the steam trains of the 1800s. Until we can find a method to draw large quantities of power directly from a reaction, our chances of going anywhere in space are very limited.
Currently we use chemical rockets to get from A to B, but the amount of fuel required to even get them into orbit is astronomical (forgive the pun).
I would love to see real space exploration in my lifetime, but even if there was total peace on earth, and we sorted all our problems out, we still wouldn't have the means to really get out there and look around.
So with that reality in mind I can understand why in these tough economic times that space exploration" is viewed as a luxury and has it's funding cut accordingly. Regretable, but the truth none the less.