fucked up priority

every one's been talking about it: the $700 billion Wall Street bailout. An economics illiterate, i cannot comment. Let's just assume that this in the long run is better for tax payers. It's taking some money away from them, true, but the other scenario would be much worse. So the government is just choosing the lesser evil. Let's agree on that.
But what about all the public schools, healthcare system, pollution, ok, nothing new, they're all so old, but they're not worth rescuing?