This report is the third in a series of "Reality Check" reports finds that five years into the implementation of the No Child Left Behind Act and over a dozen years into the so-called standards movement in American education, the public now sees these reforms as "necessary, but not sufficient." This is consistent across a number of indicators among all groups surveyed by Public Agenda--parents, students, teachers and administrators. The percentage of parents who say lack of emphasis on basics is a serious problem at their child's school has dropped from more than half (52%) in 1994 to one in five now (20%). The percentage of parents who say low academic standards is a very serious problem in their child's school has dropped from 26% in 1994 to 15% now. (Contains 10 footnotes.) [This report was also funded by the Wallace Foundation. For "Issue No. 2: How Black and Hispanic Families Rate Their Schools. Reality Check, 2006," see ED493659.]