I'm on record as being rather skeptical of homeschooling, mainly because I am very much in favor of re-vamping and rebuilding our public educational system. The very idea of homeschooling strikes me as perilously close to an unregulated picking-and-choosing of one's own facts.
Under my rule (

), as long as they can pass the rigorous exams, I'd have to be okay with it. But, at a time of massive droput rates, a highly competitive workworld, and a general zeitgeist of rather anti-intellectualism these days, I think that the general movement towards "going it alone" is perhaps counterproductive.
Ultimately, if a child is unable to pass required tests due to bizarre, unregulated schooling, it would be irresponsible to allow that child out into the workforce. Methods are not as important to me as results, and my emphasis is on making sure we don't turn people loose who don't have some sort of baseline educational framework.
If you think you can teach Little Johhny, that's fine. I'd certainly prefer it be done according to measurable standards and lots of accountability. What's missing from many of the propsals I have heard is the accountability.