Outside of FOX News being FOX News and trying to distort the issue claiming commercial titles like Call of Duty would be eligible to receive funding I think there is a valid issue here. I know, as a taxpayer, I see all kinds of wasteful spending going on within the US government and I'd sure like for it to stop. Sure the NEA is probably a fraction of a fraction of a fraction of that wastefulness but it's still, regardless of how small, part of the bigger problem. Right now we (The U.S) need to cut spending not add to it. Obviously there are much larger targets out there like military spending and foreign aid that I'd argue are the larger parts of the problem, however, waste is waste regardless of the size.
If not for profit organizations want funding there are other ways besides sticking a hand out to the government to get that funding. You can ask for donations and let people CHOOSE if they want to support it rather than forcing them to contribute by spending tax dollars on it. While I will concede that some of the wasteful spending is indeed going to worthwhile causes these causes should be funded by choice not by force. I would never fault anyone for wanting to support the NEA but on the flip side if my choice is NOT to support it I shouldn't be made to against my will.
The bottom line is that government waste is at an all time high and it doesn't matter if it's wasting money propping up dictators in the middle east or giving money to organizations like the NEA it's still waste. In light of all this the government should focus it's efforts on cutting spending not increasing it.