Boiling Frog Alert

Discussion in 'Congress' started by boedicca, Jul 10, 2011.

  1. boedicca
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    boedicca Uppity Water Nymph Supporting Member

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    Congress is considering a bill which will cause much joy among the Barking Moonbats, but just might be the Boiling Over Point for the rest of the frogs in the saucepan:

    On July 6th, just two days ago, at least a dozen busybody Congressmen sponsored the introduction of HR 2411, the “Reduce America’s Debt Now Act of 2011.” They always come up with fantastic names for these pieces of legislation… and rest assured, the better/more patriotic the name, the more ominous the bill. This one follows the pattern.

    HR 2411 states that every worker in America should be able to voluntarily have a portion of his/her wages automatically withheld and sent directly to the Treasury Department for the purposes of paying down the federal debt.

    “Every employer making payment of wages shall deduct and withhold upon such wages any amounts so elected, and shall pay such amounts over to the Secretary of the Treasury…”

    That’s right. Uncle Sam is so broke that he wants to give all the good little Americans out there the opportunity to contribute an even greater portion of their paychecks to finance government largess.

    Desperate? Hmmm…. Don’t worry, it gets better.

    Obviously, if an employee feels so compelled and should elect to have a portion of his/her paycheck withheld, the onus of responsibility is now on the employer to make it happen. The employer has to do all the paperwork, withhold the money, send the payment to the Treasury, maintain the account records, and probably submit to all kinds of new filing requirements.

    You can imagine that, if passed, the bill will result in a host of new IRS regulations, complete with a battery of penalties for employers who don’t fill out the paperwork properly, submit filings on time, or make some administrative mistake.

    Think about it: if a small business owner has one single employee who is dumb enough to think that it’s his patriotic duty to pay down the debt and decides to contribute $1/month, that owner will have the responsibility for all kinds of new forms and filings, plus submit to new ‘debt reduction audits.’

    But don’t worry, it gets even better...

    (snip)

    HR 2411 stipulates that any contribution made to the Treasury in order to pay down the federal debt IS NOT TAX DEDUCTIBLE....


    Guest Post: Boiling Frog Alert: Congress Wants Automatic Wage Deductions To Pay Down The Debt | zero hedge
     
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  2. Sunshine
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    Sunshine Trust the pie. Supporting Member

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    Fall in behind Bill Gates, et al.

    :piss2:

    http://www.forbes.com/profile/daniel-och
     
    Last edited: Jul 10, 2011
  3. Truthmatters
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    So you think this is some great burden on an employer?

    Please explain the burdensome task you imagine this to be?
     
  4. Antiderivative
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    Antiderivative BANNED

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    Leave it up to rw kooks to sponsor such a bill.
     
  5. Truthmatters
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    I just dont get why this is so bad.
     
  6. Sunshine
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    Sunshine Trust the pie. Supporting Member

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    I did not create the debt. I will not claim any responsibility for it by voluntarily paying money to bring it down. The same people who created it should get to pay it off.
     
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  7. Modbert
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    Modbert Daydream Believer Supporting Member

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    Bill Text - 112th Congress (2011-2012) - THOMAS (Library of Congress)

    The sponsor and his cosponsors:

    http://en.wikipedia.org/wiki/Rick_Crawford_(politician)

    Jeff Denham - Wikipedia, the free encyclopedia

    Robert Dold - Wikipedia, the free encyclopedia

    Stephen Fincher - Wikipedia, the free encyclopedia

    Bill Flores - Wikipedia, the free encyclopedia

    Timothy Griffin - Wikipedia, the free encyclopedia

    Frank Guinta - Wikipedia, the free encyclopedia

    Bill Huizenga - Wikipedia, the free encyclopedia

    Jeff Landry - Wikipedia, the free encyclopedia

    Kristi Noem - Wikipedia, the free encyclopedia

    Steven Palazzo - Wikipedia, the free encyclopedia

    http://en.wikipedia.org/wiki/Austin_Scott_(politician)

    Pat Tiberi - Wikipedia, the free encyclopedia

    Anyone else notice what all these people have in common?

    Another fun fact, all but one are new to Congress this year. :popcorn:
     
  8. Truthmatters
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    If a patriotic American wishes to donate money to help their country why would you find that a bad thing?

    Its voluntary and not very burdensome for any employer
     
  9. Sunshine
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    Sunshine Trust the pie. Supporting Member

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    What will their personal portion of the contribution be?
     
  10. Truthmatters
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    Yes I noticed it was a republican bill but it really does no harm to anyone that I can see.

    Its voluntary.

    I think maybe they were hoping to get the little guy to help pay for the tax cutsz of the wealthy but as long as its voluntary I dont mind that.


    Maybe the tea party will put some of their money where thier mouth is.
     

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