Faulty Towers: The Crisis in Higher Education | The Nation
I'm normally not a fan of The Nation magazine, as it sits far to the left of my political views. However this article does a good job of laying out the state of higher education in the United States after nearly three decades of steady spending cuts for state universities.
It certainly reflects the desperate dilemma of humanities grad students that I witnessed the past year when going back to school. That and the near absence of American students in the physics and mathematics departments of American universities.