The smartest thing the government can do is invest in its citizens. This proposal would generate the incentive to attain the education necessary for the new industries we need. The same thing was done post WWII with the GI Bill and it paid off well. The idea that austerity politics will fix our economic woes is ludicrous, as it was during the Hoover administration's initial stewardship of the Great Depression. What helped save the economy was Keynesian policy and that has been lost.