No, that isn't the real killer. That's the educrat line you've been trained to regurgitate. The truth is that higher-ed is getting about the same percent GDP it's been getting since the 70's [1]. The "real killer" is the annual 3.5% above inflation tuition increases [2] that are inflicted to fund an ever growing amount of staff and their gold plated benefits.
>> do the taxpayers see the money as reduced sales and property tax?
Are you kidding? Where is the place where taxpayers are liv'n la Vida Loca in their property tax free la-la land? We're paying out the ass. Some RINO manages to cut a half a percent or maybe just not increase taxes as fast and they shout it from the roof tops; HUGE TAX CUT. OMGWTFBBQ I SAVED YOU 1.003% VOTE FOR MEEE!
Please kid; stop drinking the educrat kool-aid. The only redeeming feature of this crazy ass education bubble is that it isn't growing as fast as the crazy ass health care bubble.
[1] http://www.usgovernmentspending.com/education_spending [2] https://trends.collegeboard.org/college-pricing/figures-tabl...