I agree with my colleague Cristian Jaramillo's argument in his commentary "The Help is Going Away" that budget cut in education will lead to another economic downfall that will even deepen the current economic crisis. Along with your example of UT-Austin, in a recent article, the state decided to cut even more budget in education and this is seriously cutting the opportunities and developments of the college students. The state government has not only cut the budget for education but also the hopes for economic recovery.
With fewer budgets in hand, the university is less likely to advance, and instead it will only decrease the quality and damage the future of the current scholars. Students will start stop their studies and drop out because they cannot afford the tuition and more students will have to work additional part time jobs. It is evident that the quality of education is going to drop under this kind of situation where there is no sufficient support for students. The quality of education is directly connected to the bright future of the economy and if that possibility is removed, there will be no future.
Under the current budget shortfall, the whole nation of the United States is undergoing a huge economic crisis. Like a vicious circle, one problem is leading to another problem and the suffering of the whole economy is increasing everyday. Texas government has already announced the budget cut in lots of different areas hoping for the recovery of economy. However, cutting the government spending in the areas that can create possible outcomes that will light up the economy must stop.
Government agencies should take a closer look in where to cut and where to not cut the budget. I believe even tax raise is more efficient than cutting the budget for economy. Another type of progressive tax where wealthy people pay more should be considered as an option to balance the budget. Cuts and raises have to be made but education is definitely not a subject to be cut. Education is directly linked to the bright future of our economy and government should not cut that possibility of recovery.