Needs to be privatized and then we can keep Kepler up and get James Webb launched.
For example: http://www.aura-astronomy.org/about.asp
"AURA is a consortium of universities, and educational and other non-profit institutions, that operates world-class astronomical observatories."
and http://www.keckobservatory.org/:
"The Keck Observatory is managed by the California Association for Research in Astronomy, a non-profit 501(c)(3) organization whose board of directors includes representatives from Caltech and the University of California."
Well, Kepler is a <1m telescope, so as far as ground-based astronomy goes, that's something a reasonably well-funded liberal arts college can afford. Space makes all the difference.