public funds are allocated by multiple experts in various fields checking applications are in line with government policy. if you think you can do better, I'd encourage you to run for election and set different policies. from what I can see, the system is working as intended.
I've seen the video - to be fair, theoretical physics is probably the cheapest thing to fund - they just need a supply of chalk. ultimately a lot of physics is a jobs program to keep physicists from going abroad and working on a foreign nuclear program.
seriously though, you should run for election on this platform!