Well, alternate uses of the money is the whole problem.
How many mathematicians can you let loose on long-standing physical problems (qualitative dynamics of the large-N body problem, the freaking turbulence motion of fluids, etc.) -- at some level of "big bet" that frees them from staccato publication pressure -- with the money spent trying to find gluinos or some such ill-developed theoretical construct?
How many mathematicians can you let loose on long-standing physical problems (qualitative dynamics of the large-N body problem, the freaking turbulence motion of fluids, etc.) -- at some level of "big bet" that frees them from staccato publication pressure -- with the money spent trying to find gluinos or some such ill-developed theoretical construct?