Welcome Guest
( Log In | Register )
The time is now 4:10 pm
You last visited January 22, 2017, 3:13 pm
All times shown are
Eastern Time (GMT-5:00)

Reduce America's Debt Now Act of 2011

Published:

Last Edited: July 11, 2011, 4:18 pm

H.R. 2411: Reduce America's Debt Now Act of 2011

http://thomas.loc.gov/cgi-bin/query/z?c112:h2411:
http://www.govtrack.us/congress/billtext.xpd?bill=h112-2411

(Other commentary)
http://www.zerohedge.com/article/guest-post-boiling-frog-alert-congress-wants-automatic-wage-deductions-pay-down-debt

From the party of smaller (than the other guy's, anyway) government:

Which includes such gems as ...

To provide for an employee election on Form W-4 to have amounts deducted and withheld from wages to be used to reduce the public debt.(Because the people you want to fleece aren't clever enough to send a check to the address you already provide?)

An employee may elect for an employer to deduct and withhold upon the payment of wages by such employer amounts to be used to reduce the public debt. (Because anyone running a business knows there's NEVER enough paperwork to do.)

The Secretary shall include on such certificates a reasonably conspicuous statement that any amounts deducted and withheld from wages under subsection (a) are not deductible as charitable contributions for Federal income tax purposes.(As long as you're willing to bend over, we might as well .... Naughty)

The first dozen to sign on and when ... Rethugnicans, all
Rep Denham, Jeff [CA-19] - 7/6/2011
Rep Dold, Robert J. [IL-10] - 7/6/2011
Rep Fincher, Stephen Lee [TN-8] - 7/6/2011
Rep Flores, Bill [TX-17] - 7/6/2011
Rep Griffin, Tim [AR-2] - 7/6/2011
Rep Guinta, Frank C. [NH-1] - 7/6/2011
Rep Huizenga, Bill [MI-2] - 7/6/2011
Rep Landry, Jeffrey M. [LA-3] - 7/6/2011
Rep Noem, Kristi L. [SD] - 7/8/2011
Rep Palazzo, Steven M. [MS-4] - 7/6/2011
Rep Scott, Austin [GA-8] - 7/6/2011
Rep Tiberi, Patrick J. [OH-12] - 7/6/2011

Don't take my word for it.
http://house.gov/representatives/

The only thing this party wants to "conserve" is its power. Angry

Now, why get worked up? It's vol-un-ta-ry, after all.
Sure it is ... until they get it passed. Then, a few years down the road they'll press for some permanent regular "minimum", idiotic ... er ... "patriotic" amount. Not outright taking, though. Most likely in the form of requiring a certain amount or percent of your retirement funds to be put into long-term gov't bonds.

Public school was once "voluntary", too.
The "C" in FICA stands for "Contribution". See what happens if you decline to "contribute".

Entry #585

Comments

1.
sully16Comment by sully16 - July 11, 2011, 6:39 pm
I am speechless....Thanks for posting, I'll be back with some comments after I have a drink or 2
2.
Rick GComment by Rick G - July 11, 2011, 9:04 pm
The word "contribution" in FICA should be a clue to the hoodwinked taxpayer. If withholding your pay for taxes was lawful then the word contribution would not have been used, would it?
3.
Comment by GASMETERGUY - July 11, 2011, 9:12 pm
Should, by some miracle, the national debt suddenly find itself cut in half, down to 7 trillion, our wonderful leaders would do nothing but run that debt right back up to 14 trillion within a week.

So why would any sane person send "extra" money to Washington?
4.
time*treatComment by time*treat - July 12, 2011, 12:48 am
@Rick: Yeah, the program was introduced 1935. "Contribution" was part of the marketing campaign. Wage withholding came later, in 1943, because the public will go for all sorts of things in wartime that otherwise won't fly. Sound familiar?

@GMG: They don't care about your sanity, they just want your dough. ;-)
5.
konaneComment by konane - July 12, 2011, 9:43 am
Fair Tax, period.

You must be a Lottery Post member to post comments to a Blog.

Register for a FREE membership, or if you're already a member please Log In.