But as shown on the graph below (which I plotted out with the CPBB's figures) deeper budget cuts did generally correlate with bigger tuition increases.

There are slightly less gruesome ways to look at the changes to higher-ed funding over the last half decade -- but none of them are particularly encouraging. (Unless you're of the opinion that these schools are over-funded to begin with. That's a conversation for another day, though.) In January, using the same data as the CPBB, I charted the changes in total funding in each state, without accounting for inflation or changes in enrollment. By that measure, 38 states had cut their higher-ed budgets over the past five years. In Arizona, where the budget tightening was again most severe, funding fell by 36 percent.

Unless technology allows colleges to become massively more efficient quicker than anybody currently expects, or state coffers heal enough to start restoring these lost dollars, we're going to be living with the effects of these cuts for a long time. We'll see them in the form of higher student loan bills and students who can't graduate on time, because the classes they needed filled up too quickly. We'll see it in the form of the jobs lost on campuses.

Again, there are some people who might think these cuts are overdue. Others might simply argue that states, needing to balance their budgets, didn't have a choice. But I'd argue that these numbers are a vivid demonstration of why Washington's post-recession path has been so disastrous. Instead of taking advantage of historically low borrowing rates and aiding the states, Congress cut the lifeline once the first round of stimulus funding dried up. Graphs like these show us the consequences.

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*One important thing to note: Since we don't know exact enrollment for 2013, CPBB is estimating it based on recent trends. The State Higher Education Executives Association has a similar calculation from from 2007 through 2012 in its latest financial report. It uses a different measure of inflation -- part of the reason I prefer the CPBB's approach -- but it paints a similarly dire picture in the end.