Can Schools Aim High When Budgets Are Low?

Educators and Governors in all states — except Alaska and Texas — have agreed on uniform, national standards for teaching English and Math in grades K through 12. The goal is to raise expectations for what kids should learn. The hope is to keep America competitive in the global economy. The Obama Administration has signed on, and promoters boast that the states are leading the federal government in education reform. But a project of years is being unveiled at a time of financial crisis for schools all over the country. Do they have the time or resources to make reforms now? What's the evidence that setting standards enhances performance?  Is there a downside? Does one size really fit all?