Are you suggesting that a legislature shouldn't have an oversight committee focused on education? (That would certainly be news at the federal level).
To be sure, there will be some wacky things considered through a legislative committee like this. But they are a legislature, and it is in fact their job to consider them. To be honest, if I were doing a blue sky exercise with respect to public higher education where no idea was off the table, I'd spend a fair bit of time thinking about whether a public university is, or should be, really designed and administered to be the kind of institution described in St. John Henry Neuman's "The Idea of a University", or rather whether its public character should direct it to more mundane and practical types of learning and training to support the society's values and needs. I might ultimately conclude that publics and privates should be no different...but I'm not sure about that sitting here today.