I think NASA needs to break out of a vicious cycle and propose something radical like terraforming Venus or building a space elevator.
Agreed. However, lack of funding will kill anything but small stuff anyway. Did you see they cancled the Prometheus nuclear propulsion studies?
NASA can't even reliably (and confidently) loft-up the 150-odd miles to feed the 'space station'. How are they going to have a permanent, habitable satellite 22,300-some odd miles out in synchronous equatorial orbit to start extruding a cable to the ground made up of material that hasn't been proven yet with a technique that hasn't been developed yet?