The technology required for wormholes is so far removed from our current and plausible near-future capabilities that to throw lots of money at it would almost certainly be a total boondoggle.
So basically what he's saying is we might as well dump the money into a black hole. Sounds like most government programs.
"warp drive or a traversable wormhole is so far, far, far beyond the technology needed for a laser sail or a nuclear-pulse rocket that I would not be in favor of putting any significant resources into trying to develop it." Hmmm. But a wormhole might get us interstellar, while laser sail or nuclear-pulsed rocket , certainly not. Reaction engines, whatever the source of energy are inherently limited.. Damn Tsyolkowsky!
If you are good, you will be assigned all the work. If you are real good, you will get out of it.