Boiling Frog Alert

[Modbert]

Nonsense such as this which drives up their cost of doing business just Makes Things Worse.

I agree.

 

[Moonglow]

there is alot of jobs in my area, alot. If your willing to work. It's only 104 degrees here today 109 heat index. It'll get rid of that water retention problem you may have

 

[Contumacious]

Then the zombified wonders why companies outsource or relocate overseas. No wonder unemployment is up to 9%!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

.

.

He specifically mentioned small businesses. Companies that can afford to outsource or relocate overseas aren't what most people would call small businesses.

Corporations outsource overseas because labor is cheaper, little to no regulation, and in many cases they can avoid paying what little taxes they would have to if they were located in the U.S.

.
There's a reason why job creation is so poor: small businesses aren't hiring.

Nonsense such as this which drives up their cost of doing business just Makes Things Worse.

Send in the clowns.

.

.

 

[Moonglow]

no there are other program which will do payroll, accounting, spreadsheats with all pertinent info etc. Why do book entries, that is so old fashioned. Do you still imprint checks on a hand printer?

Have you ever had to prepare financial statements and schedules for an audit?

I doubt it.

never been audited. lucky me.

 

[Sunshine]

I think we should cut Congressional salaries by 50%. That'd be a great start.

Now tell me how you would do that. They, themselves, are the only ones who can change their salaries.

 

[Big Fitz]

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

Why not just call it, 'We're taking your money now, so just suck it and file for welfare" act?

 

[code1211]

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

I'm sure we can expect huge "donations" from the hysterically screaming teachers of Wisconsin. They only appeared to be self serving avericious demented and seething caldrons of hate. They are really patriots with only the betterment of those around them at heart.

Every other Union member nation wide will also get on this band wagon as they show their strong support for the idea of increasing the tax revenues of the government.

Yeah, right.

 

[whitehall]

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

It's nothin new. FDR's ministry of propaganda created "bond drives" to finance WW2.

 

[daveman]

Leave it up to rw kooks to sponsor such a bill.

At least it's voluntary. LW kooks want it to be mandatory.

 

[daveman]

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.

It's moronic because it's not tax deductible.

It's moronic because employers are forced to implement it...which makes it compulsory, not a voluntary effort.

Any person who wishes to may send a check to the government currently without this program.

Indeed. It's stupid to make a new law when there's already a means in place.

How do you make a contribution to reduce the debt?

There are two ways for you to make a contribution to reduce the debt:

You can make a contribution online either by credit card, checking or savings account at Pay.gov
You can write a check payable to the Bureau of the Public Debt, and in the memo section, notate that it's a Gift to reduce the Debt Held by the Public. Mail your check to:

Attn Dept G
Bureau of the Public Debt
P. O. Box 2188
Parkersburg, WV 26106-2188​

The idiots who introduced this bill should have done 2 minutes of research first.

 

[iggy pop]

I just dont get why this is so bad.

Because bottom line it meas we pissed away a trillion dollars on a failed stimulus package and have no more water in the well to dip in to.

 

[boedicca]

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

It's nothin new. FDR's ministry of propaganda created "bond drives" to finance WW2.

Employers were not required to run them through their systems as payroll deductions. That's a big difference.

 

[boedicca]

I just dont get why this is so bad.

Because bottom line it meas we pissed away a trillion dollars on a failed stimulus package and have no more water in the well to dip in to.

And don't forget the huge increase in the money supply that has largely served the purpose of shoring up the balance sheets of foreign banks and to keep the Euro from devaluing (which ended up devaluing the dollar).

 

[boedicca]

It's moronic because it's not tax deductible.

It's moronic because employers are forced to implement it...which makes it compulsory, not a voluntary effort.

Any person who wishes to may send a check to the government currently without this program.

Indeed. It's stupid to make a new law when there's already a means in place.

How do you make a contribution to reduce the debt?

There are two ways for you to make a contribution to reduce the debt:

You can make a contribution online either by credit card, checking or savings account at Pay.gov
You can write a check payable to the Bureau of the Public Debt, and in the memo section, notate that it's a Gift to reduce the Debt Held by the Public. Mail your check to:

Attn Dept G
Bureau of the Public Debt
P. O. Box 2188
Parkersburg, WV 26106-2188​

The idiots who introduced this bill should have done 2 minutes of research first.

Did you find anything which shows how much Bill Gates and Warren Buffet have donated?

 

[daveman]

It's moronic because employers are forced to implement it...which makes it compulsory, not a voluntary effort.

Any person who wishes to may send a check to the government currently without this program.

Indeed. It's stupid to make a new law when there's already a means in place.

How do you make a contribution to reduce the debt?

There are two ways for you to make a contribution to reduce the debt:

You can make a contribution online either by credit card, checking or savings account at Pay.gov
You can write a check payable to the Bureau of the Public Debt, and in the memo section, notate that it's a Gift to reduce the Debt Held by the Public. Mail your check to:

Attn Dept G
Bureau of the Public Debt
P. O. Box 2188
Parkersburg, WV 26106-2188​

The idiots who introduced this bill should have done 2 minutes of research first.

Did you find anything which shows how much Bill Gates and Warren Buffet have donated?

To the debt? Nothing.

Apparently, they're not smart enough to use Google, like I did.

 

[Big Fitz]

Indeed. It's stupid to make a new law when there's already a means in place.

How do you make a contribution to reduce the debt?

There are two ways for you to make a contribution to reduce the debt:

You can make a contribution online either by credit card, checking or savings account at Pay.gov
You can write a check payable to the Bureau of the Public Debt, and in the memo section, notate that it's a Gift to reduce the Debt Held by the Public. Mail your check to:

Attn Dept G
Bureau of the Public Debt
P. O. Box 2188
Parkersburg, WV 26106-2188​

The idiots who introduced this bill should have done 2 minutes of research first.

Did you find anything which shows how much Bill Gates and Warren Buffet have donated?

To the debt? Nothing.

Apparently, they're not smart enough to use Google, like I did.

Or to move their wealth out of range of these tyrants.

 

[daveman]

Did you find anything which shows how much Bill Gates and Warren Buffet have donated?

To the debt? Nothing.

Apparently, they're not smart enough to use Google, like I did.

Or to move their wealth out of range of these tyrants.

Warren Buffet, billionaire, thinks his taxes should go up, but he does not voluntarily send more money to the government to pay down the debt.

He's a hypocrite.