I understand cutting federal support for schools or districts would seem to stimulate academic performance, but we've already seen it to not be the case. No child Left Behind (NCLB) did not result in tremendous leaps in exam success. President Obama's (or Arne Duncan's) idea that schools unable to manage progress would suffer cuts to funding will do little more than demoralise teachers already sacrificing too much in an attempt to motivate children who themselves attempting to cope issues often more intimidating than a distant exam.
Cutting cash from schools, students and communities which need it is folly. Such a policy will further divide the classes of America, allowing the wealthy who can afford extracurricular activities to better prepare their children for the future while simultaneously planting a bootheel in the face of the families one rung down struggling to put shoes on feet, food on tables and a roof over heads.