You are unfortunately right on the money. Having spent the past few years in this space, I've been shocked at how quickly my drive and desire to work in it has eroded. None of this is really about driving kids into CS/engineering -- to your point, the only investment you'd really need for that to happen at this point is fantastic teachers. Instead, the vast, vast majority of this money will go into buying useless crap, overhead, and consulting fees, with little to nothing to show for it in terms of educational achievement. All you have to do is to go into the vast, vast majority of classrooms that are pushing these "coding" initiatives nowadays to quickly realize how little stakeholders are actually caring about what kids are getting from these classes.