We're just as well without it. Absent accountability via serious attention from higher-ups or the constituents themselves, bureaucracies tend to devolve into inefficient, unproductive jobs programs, and NASA is no exception: http://news.ycombinator.com/item?id=770268
The future of space travel will come from organizations with the accountability to properly motivate them to succeed. I, for one, welcome a future of private space flight.