Question

Why president Obama believed that investing in education and infrastructure is important even though he wants to cut the deficit by $4 trillion in 12 years

Answer 1

It is because education and infrastructure are essential elements of any country's growth. Training and education create human capital in the country which not only helps in research and development but also generates employment, leading to country's overall growth. Moreover, Building Infrastructure gives opportunity to even small countries to connect to the world and takes advantage of their comparative advantage. Therefore these two elements are necessary and requires investment by the government.

But these two investments are only possible if the fiscal position of the government is stable. Therefore, Obama believed that investing in education and infrastructure is important even though he wants to cut the deficit by $4 trillion in 12 years