Living hell in high school that won’t shut down – NYPOST.com.

READ THIS ARTICLE~

If I could burn down this school and get away with it, I would. I despise it.

Hot Air » Blog Archive » The unsustainable federal income tax gap.

According to the Tax Foundation, this year the top 10 percent of earners are on the hook for around 73 percent of all the income taxes collected by Washington.

On the flip side, nearly 50 percent of households — because they don’t make enough or have various deductions — do not pay any income tax whatsoever. (Your payroll taxes “fund” your own stake in Social Security and Medicare.)

IRS chief: Buy health insurance or lose your tax refund | The Daily Caller – Breaking News, Opinion, Research, and Entertainment.

Individuals who don’t purchase health insurance may lose their tax refunds according to IRS Commissioner Doug Shulman. After acknowledging the recently passed health-care bill limits the agency’s options for enforcing the individual mandate, Shulman told reporters that the most likely way to penalize individuals that don’t comply is by reducing or confiscating their tax refunds.

Speaking at the National Press Club on Monday, Shulman downplayed the IRS’s role in enforcing the recent overhaul of the health insurance industry by claiming the agency would not aggressively target individuals who don’t purchase coverage. He noted that the health-care bill expressly forbids the agency from freezing bank accounts, seizing assets or pursuing criminal charges, but when pressed said the IRS would most likely use tax refund offsets to penalize those that don’t comply with the mandate. The IRS uses refund offsets to collect from individuals that owe the federal government a delinquent debt.

Hot Air » Blog Archive » Porkulus Follies: Weatherization program a flop.

When Barack Obama signed Porkulus over a year ago, one of its signature programs promised an explosion of jobs in the construction and contracting industries thanks to federal subsidies for weatherizing older homes.  In fact, as early as April 2009, Obama began bragging about the new jobs that his tax credits on weatherization and energy-efficiency remodeling would bring.  Eleven months later, the Associated Press reports that the explosion has turned into a multibillion-dollar implosion (via Fausta and JWF)

Subcommittee on Oversight ranking member Charles Boustany R-La. said the IRS provision in the bill “dangerously expands, in an ominous way the tentacles of the IRS and it's reach into every American family,” he said today during a press conference. “This is a vast expanse of power,” he said. Boustany said the bill would allow the IRS to confiscate refunds if there are penalties for not buying health care.

via Republicans assail IRS provision in health care bill – The Hill’s On The Money.

Hot Air » Blog Archive » What’s taking the CBO so long for its analysis? Update: $940 billion?.

You see, they chose that number because it puts it just under the TRILLION dollar(s) figure that we know will be scored by the CBO..

I didn’t get a chance to post this, but out of the all the crap spewed by NoBama yesterday, this was the most honest portion:

Obama on Slaughter strategy: “I don’t spend a lot of time worrying about what the … rules are”; Update: “Combative” video added

“When reminded today of his past comments, the treasurer said he would have to check his past statements before saying any more because he doesn't want to give inconsistent answers.”

via Clout St: Giannoulias seeks to blunt damage, says family bank likely to fail.

FT.com / Companies / Automobiles – GM blames recall on Toyota supplier.

General Motors has blamed a supplier partly owned by Toyota for a faulty car part that led to the recall of 1.3m Chevrolet and Pontiac cars in North America.

Bob Lutz, GM’s vice-chairman, on Tuesday told the BBC in Geneva that the supplier – separately identified as JTEKT, a joint venture between Toyoda Machine Works and Koyo Seiko – had not met “all requirements for reliability and durability”.

If they didn’t meet  “all requirements for reliability and durability”, why were they put onto the automobile?

This is by far, the biggest load of crap that I have seen today…In other news, FORD sales jump; outsells GM...

UPDATE 1-Winter storms to distort US jobless figures-Summers | Reuters.

WASHINGTON, March 1 (Reuters) – White House economic adviser Larry Summers said on Monday winter blizzards were likely to distort U.S. February jobless figures, which are due to be released on Friday.

“The blizzards that affected much of the country during the last month are likely to distort the statistics. So it’s going to be very important … to look past whatever the next figures are to gauge the underlying trends,” Summers said in an interview with CNBC, according to a transcript.

Construction activity was hit particularly hard by the storms, but many restaurants and stores also had to close, putting the brakes on hiring plans and temporarily throwing some employees out of work.

Summers, director of the White House’s National Economic Council, also said the United States was closely monitoring Greece’s debt problems and U.S. Treasury Secretary Timothy Geithner was encouraged by what he had heard from European officials about the issue.

“With respect to Europe, I am obviously very concerned about what’s happening in Greece and Portugal, in Spain, in Italy, on the European continent,” Summers said.

“I think there have been increasing signs of recognition both in Greece and in the major countries of Europe that this is a situation that has to be managed; that combination of getting the Greek budget under better control and providing more support is necessary to stabilize this situation.”

Summers brushed aside speculation that he was interested in changing jobs.

“I like what I’m doing,” he said. “My view is if the president asks me to do something in which I think I can make a contribution, the right approach to it is to say yes, and that’s why I’m very pleased to be here working at the National Economic Council.”

Liening on NY homeowners – NYPOST.com.

WOW!