He goes on to attribute these budget cuts, especially in conservative legislatures, to the view that the purpose of higher education is purely economic. One gets a degree to get a good job and make a lot of money. This is a "selfish value system - that value is measured solely in terms of how something serves a narrowly defined self-interest."
LaBossiere points out the name for this: ethical egoism, that people should act solely in self-interest. He then goes into a number of other, and I agree more important, reasons for the need for a strong public education system. Please go to the article and see what these reasons are.
LaBossiere, M. (2015, July). The value of public universities. Talking Philosophy. Retrieved July 7, 2015 from: http://blog.talkingphilosophy.com/?p=8644