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I taught for 7 years and I don't think teachers are underpaid. I didn't have any complaints about it at all. I got summer off, winter break, nice salary, heath care - what else do I need?
I left teaching cause I didn't enjoy it as much.
I think vouchers should definitely work, and this crap about not being able to fire bad teachers is stupid. Plus I always liked the new teachers much better - more energy, goals, passion for the job, and they seem to really care more for the students.

I got two kids so for about $40k a year, I can hire my own teacher and homeschool my kids.