Dianne Ravitch (yes, Dianne Ravitch) here; see also this.
The situation is alarming. Not only is the federal government about to administer a hammer-blow to the basic principles of public education through its competitive grant program; over the next few months, hundreds of thousands of public school teachers are scheduled to be laid off, as well, thanks to state and local budgets that have been stretched to the breaking point by falling tax revenue and rising unemployment claims. Christina Romer, chair of the Council of Economic Advisers, last week estimated that perhaps as many as one out fifteen teachers would receive a pink slip unless Congress extended the emergency aid that so far has saved more than 400,000 teaching positions. No soap, apparently. House leaders, worried about soaring levels of public debt, instead cut back sharply on the extension.And nothing spells "economic recovery" like "educational failure."