Because ideology railroads economy. If you take a look at fascist regimes throughout history, you will undoubtedly get a feel for their cruelty. But what most people miss is their incompetence. They're self-destructive by nature. Emotionally-driven by their ideology.
There's a metro station in Bucharest, Romania that's noticeably smaller than the rest. It was built in secret by the workers. The administration didn't want it built at all - it was by the University, and they believed students should be forced to walk, lest they become lazy. Luckily, the workers had the foresight to build the station in secret for some unknown future date. Now, it's one of the most used stations in the Capital.
Conservatives hate academia. They say this repeatedly and publicly. Their goal is to destroy the existing academic system and replace it with an ideological system focused on a particular set of right wing values.
The idea that academia makes money for the US, or brings in highly educated people to contribute to our economy, or produces scientific advancements that improve society is completely immaterial to the goal.