We don't have teleportation devices or antigravity shoes because making those things is not possible, and you can't make impossible things possible by throwing money at them.
And of course this becomes worse if you're using other people's money. If you're throwing your own money at an impossible task, you'll run out (or your investors will run out). If you're collecting the money as taxes and then throwing it at the impossible task, you can waste as much of it as you want. If you're telling people "do this impossible task or I shoot you", you end up doing a lot of shooting and not much teleporting.
That doesn't seem like a remotely good reason to pay loads of money to administrators in Antigravity Logistical Inclusion Tracking while the PhD students in quantum gravity can't afford rent.
And of course this becomes worse if you're using other people's money. If you're throwing your own money at an impossible task, you'll run out (or your investors will run out). If you're collecting the money as taxes and then throwing it at the impossible task, you can waste as much of it as you want. If you're telling people "do this impossible task or I shoot you", you end up doing a lot of shooting and not much teleporting.