Today, the Senate is set to vote on a revised bailout bill. Yet, UC San Diego seems to have a pretty good system for economic stimulus already, without the Senate Bailout Bill. A recent study shows that UC San Diego contributes to $7.2 billion of the spending and income each year in California, as well as generating 39,000 jobs. Not bad for a single university!

According to Market Watch:

The University of California, San Diego contributes more than $7.2 billion in direct and indirect spending and personal income each year to the California economy and generates 39,000 jobs, according to an independent economic analysis released today.

Companies started by UC San Diego faculty and alumni create an even more powerful impact. The total statewide economic contribution from UC San Diego start-up companies is more than $37 billion annually and nearly 130,000 jobs. In San Diego County, these start-ups add approximately $32 billion in direct and indirect spending and personal income to the economy. These companies create nearly 115,000 jobs, the report found.

"UC San Diego changes the lives of San Diegans and Californians every day, through job creation, advanced patient care, disease and drug therapies, service in the local community, and world-renowned research and education," said UC San Diego Chancellor Marye Anne Fox. "This report demonstrates in hard numbers the powerful benefits created by our campus--billions of dollars injected into the economy and tens of thousands of jobs created. When combined with our leading-edge research and education, this latest analysis clearly shows UC San Diego's local impact, national influence and global reach."

Maybe what the economy really needs is a return to upper education. Think about it: students must buy books and booze, ping pong balls and condoms. So, maybe there’s an easier solution than the senate bailout bill after all.