Article+5

Pros: Cons:
 * "U.S. students spend much less time studying academic content than students in other countries do. A 1994 report examined the amounts of time U.S. students spend studying core academic subjects compared with students in other countries that typically outperform the United States academically, such as Japan, Germany, and France."
 * "Some argue that it would be throwing away a powerful instructional tool."
 * "economically disadvantaged students, who are unintentionally penalized because their environments often make it almost impossible to complete assignments at home."
 * Some pushing from extended school days instead of more homework.
 * "inappropriate homework may produce little or no benefit"

Overall it seems that homework can be beneficial if assigned correctly.