It's not that it's not a good idea Storm, it's just that sooner or later we have to leave. As it stands right now, we could build a starship and send people out long term, all the while developing newer technology. As Sethan pointed out, you are talking an astronomical budget either way, I prefer the way that allows some of our people to leave just in case. Even a starship at sub light would take the bankroll of many industrialized nations to build, the ISS is a joke compared to the money and resources required for such a vessel.
Of course nobody in leadership positions really cares right now, they know they will be long gone before then, so they think and spend only for today, not for future generations...