If looking at this pragmatically, the question is whether enough people will gain enough marketable skills to justify the investment. Let's be realistic about the % of these resources that will fund classes that never have a meaningful impact on one's earning potential.
We advocate "education" for its own sake. Yes, education is the key to prosperity, but all education is not created equally.
Yes, a liberal arts degree CAN be valuable, but it's often just a way to kill time while someone else pays the Bills. The point is, an education that doesn't adequately prepare you to embark on a gainful career isn't worth much, and that's likely to be the majority of what this program funds.
A better solution would be to focus on making high school more practical again rather than pushing the age at which people become productive back.