From the AP:
The cost of housing state prison inmates has grown so much in the past decade that California now spends more incarcerating 167,000 adults than it does to educate 226,000 students in its 10-campus University of California system.
“In what civilized state or country do you spend more on prisons than on higher education?” said Senate President Pro Tem Darrell Steinberg, a Democrat from Sacramento. “That’s a compelling argument to vote for reform.”
Economics is about making choices with scarce resources. What does the above say about California’s choices? What are the pros and cons of spending more on incarceration than education? What are the long- and short-run trad-offs.