Uh, no.....that's a heck no. First off which of the world's religions would you choose to force down the throats of our young people? Which God would you choose?
Secondly, isn't that one of the reasons our four fathers crossed the ocean to settle in the new world. How many people have been persecuted and killed because they didn't follow their government's religion. That is the reason here in America we have separation of church and state (yeah, land of the free and all that).
Thirdly, the erosion of values today is not because we don't have bible class in public school (however, if you choose that route there are many, many private religious schools).
Fourthly (not sure if that is even a word), isn't it OUR jobs as parents to teach our children values in our home, not depend on schools, where your child will only be 6 hrs a day, nine months of the year, minus weekends and breaks. The majority of their time is spent with us (or at least it should be) and we should be providing our child with a good role model and teaching them to be good people (not necessarily good Christians, good Muslims, whatnot) including how to be accepting and not judgemental of other people. (Yes, I said the J word)
Lastly, take a look at the news, I'm sure you willl find some country who does not have a democratic society. There you will find hell. Do you really want that here?
We may have a crappy economy right now and crappy healthcare, incompetant politicians but one thing we do have is FREEDOM. That means we can take our kids to any church we want, on our own time. The schools are there to teach our kids skills they need to live and work (you know math, science, social studies), it's our job to do the rest.