I think the difference here is that the money would actually have some sort of return, rather than just fill the pockets of defense contractors. Theoretically, it would get more people into college or help them stay there, improve communities everywhere in small ways that add up to a lot, and maybe, just maybe (doubtful), teach people to care about the people around them.

I agree, though, that big spending plans are things we should be very skeptical of. To be honest, I know some people who do run their personal budget like that.