I thought the issue was less about whether the government funds stem cell research but whether it was allowed to happen at all.
Regardless, using the logic above, you should feel the same way about the national missile defense system - something that hasn't been proven necessary or functional but has cost taxpayers a whole lot more than stem cell research has or ever will.
It is the single largest line item in the Pentagon's budget (more than $10 billion a year), has been tested numerous times over the past 25 years with nominal (at best) success, and is still not ready to be deployed.
And it is designed to protect us from a threat that, at my best count, we've only encountered once (Cuban Missile Crisis) - and that never came to fruition.
No, stem cell research is more than allowed if you don't receive federal funding.
I have stated I believe I need a military in order to protect the country I live in. Does wasteful spending happen in defense? I am sure it does. Regardless, I still feel the need for the government to supply a military. I feel no need for the government to supply money for medical research. One, they don't manage it well enough. Two, who is to say what diseases should get which funding? Three, I am comfortable that completely private funded research would do as well or better than the current setup. There is money to made in medicine...there is no lack of trying.