Hi Martin!!
NCLB was a proven system in the state of Texas and is used as a reward and standards system.
First off ...It doesn't need fixing. It does what it set out to do....create a level and reward you for achieving that level.
It was never intended as a Robin Hood Fix... Money is not the problem...sorry to burst the bubble...Bad teachers...Bad parents are the problem and I'm sure Rhode Island is tired of paying for Arkansas's problems.
Now for the solutions...dissolve the Department of Education.
Now each state is responsible for the grades and achievement of its own institutions.
This will allow a 1% federal tax cut across the board that can be transferred to a property tax increase at the county level.
Then state and District solutions like vouchers, Graduation taxes for school funding and others can be tried.
P.S. maybe you should teach better...then you can have a piece of the pie too.