> More funding will attract more teachers, creating a stronger candidate pool
Without the ability to get rid of bad teachers as quickly and easily as one can fire bad engineers in the private sector money isn't going to fix a damn thing. It might even make it worst.
In Colorado teachers can be fired at the drop of a hat (or, more likely, not be asked to come back next year). I can assure you this hasn't kept the state off of the bottom of the academic performance lists.