Wake me when a majority of actual US voters would pick someone based on their educational qualifications for the job.
My state rep lives (more or less) across the street from me. He wins because he gets things done and is generally a nice and honest person. His educational background as a lawyer doesn't seem to enter into the reasons why any of us vote for him.
My congressional rep and our two senators - I couldn't even begin to tell you their educational backgrounds. I can tell you about their policy positions (and in one case, their abject failure to actually do anything related to them), and a little bit about their personal history.
So it’s not “categorically wrong” and it’s petty good evidence that those degrees are useless for actually controlling government spending.