<p>Keynesian economics:</p>
<p>More government spending → Consumer spending + Business investments → Higher GDP…</p>
<p>Anyways, look at Europe, is education worth being subsidized by the government? I believe so. I will pull that PhD card again. 45% of ALL doctorate recipients in the US are foreign born and 55% of all engineering PhDs are foreign born. What does that mean? Are we going to let China and India take over the world dominance? The way we are headed, it certainly seems like it. The question is: where is the money coming from? Of course it comes from the people, but in times of slow growth, there needs to be a stimulus. Education had long term benefits. Is higher education necessary? Of course it is. Unless you are willing to rebuild the K-12 education from the ground up. Do you honestly believe we are doing a good job educating kids these days? No, far from it.</p>