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The video presents an investigation report on teacher absenteeism in Minnesota. This report found about two out of every five Minnesota teachers missed more than ten days in a single school year, and their absence could be having a negative impact on students.

Thirty-five former school officials have been implicated in a test cheating scandal, and have been given a deadline to surrender to authorities in the state of Georgia. The accused in the city of Atlanta face counts of racketeering, making false statements and conspiring to improve test scores to win cash bonuses.

After being audited by the College Board's first quality-control of the Advance Placement program, some teachers have met with a surprising rejection of their courses. The results of the audit have rubbed the already bruised relationship between some high school AP teachers and the college professors who are evaluating them.

The average salary for a teacher in the US is $47,000 a year. One thing that money doesn't account for is the time a teacher spends putting their lesson plans together. On the webpage 'Teacherspayteachers.com' is an open market place, teachers can sell their original course materials for instant downloads.

According to Stossel there is a financial corruption going on in American schools. He claims that there is a myth that the education system needs more money. US spend more on schooling than the vast majority of countries that obtain better results in the international tests. But the bureaucrats still blame school failure on lack of funds, and demand more money.

An auditor has been charged for having changed business records in an effort to help conceal the theft of more than $11 million. The district superintendent is accused of stealing more than $2 million; the assistant superintendent for $4 million and a former school accounting clerk for $780,000. Money shall have been used on artwork, jewellery, foreign trips and home mortgages. The scandal that has resulted in a state-wide changes in the way school finances are audited.