These "lookouts" have seen the iceberg. Shouted the warning. Will the moronic, addled, selfish, dunderheaded, fools turn before they hit it?--------Higher Education Bubble Is Coming and States Better Prepare

Expert: Higher Education Bubble Is Coming and States Better Prepare [Michigan Capitol Confidential]:
"While state appropriations have gone down in recent years, federal subsidies in Michigan and nationally have skyrocketed to the point where the government spends $175 billion annually on assorted higher education programs.

Today, there are twice as many administrators per student as in 1970 and costs for athletics and "superstar" professors have skyrocketed.

"Universities spend all that money because they can," Vedder said. "And we are funding a growing bureaucracy.""