Obama defends education spending hikes

CNN reports:

President Barack Obama defended his proposed education spending increases Friday, telling an audience of students and teachers in Florida that such investments are necessary to spur future economic growth.

"If we want more good news on the jobs front, then we need to make more investments in education," Obama said. "I am not willing to give up on any child in America. ... I do not accept failure."

Obama's proposed budget for fiscal year 2012 includes an 11% hike in federal education spending, to more than $77 billion.

Do you think spending 11% more on education in Chicago, Detroit, and Philadelphia is an "investment"?