Yes, and many jobs have been outsourced. What's going to happen when tech takes over more jobs? What do we do? Governments have not invested in new sectors like green energy, yet subsidizes oil and gas. Investments in industrial farming would also create jobs. There are a lot of sectors and industries to create jobs, but the US won't deviate from its current model of funding for big businesses.

The government doesn't spend money on higher education nor does it back student loans. Students borrow the funds from banks, and banks make the interest. The banks benefit from the loans.