That being said, a few new legislative changes have happened and will happens (GAIN Act approved, DISARM Act being considered) that will change the economics of antibiotic research and have already prompted drug companies to get back into the field.
You'd have to find a new class of drugs that is safe for humans at the toxic dose for bacteria.
[1]http://www.sciencedaily.com/releases/2014/04/140414154454.ht...
Perhaps there are some new antibiotics to be found, perhaps there aren't; but in any case there's an end of the road somewhere. After that, only radically different mechanisms would work - vaccines, phages, nanobots, something else, but not antibiotics.
New antibiotic classes are hard to find. You need to find compounds that are lethal to bacterial cells (but not our cells) that there's no pre-existing immunity to. That's an extremely tall order, and we've run out of easy sources for those compounds.
We spend tax money on defense because it's a public good and in the absence of tax dollars there's no money in it. The same applies here.