How Will We Pay for Universal Pre-K?

Reihan Salam has some words for President Obama's call for universal pre-K education funding:

I would be far more sympathetic to the president’s pre-K initiative if the $20 billion per annum it is expected to cost were carved out of the $108 billion the federal government spent on all education programs last year, particularly if it is true that this initiative is likely to yield bigger economic gains than the least effective $20 billion the federal government is already spending.

We rounded up a few other thoughts on this subject a few days ago.