How are the housing markets and our education system the same? It turns out they both relied on ballooning payments that increased over time, leaving everyone bankrupt. After the No Child Left Behind law passed, schools required small increases in test scores at first, and planned larger increases later – much like a variable rate home loan. And like our mortgages, the later increases lead to an inability to pay the piper. This is making it so successful schools are now failing and will face federal sanctions and possible closure. Where’s our $700 billion bailout for schools?
If increases standards is causing failures, then the solution is to begin decreasing standards. This way, more schools will succeed and then we can have a party for saving education.
NY Times – Each Child Left Behind
The Elitist 