Would You Forego Wages to Pay Off the National Debt?

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congressionbillHere I was planning on a nifty little post that included a movie review along with a muse on the plight of the long term unemployed.  Then news of the Reduce America’s Debt Now Act of 2011 hit the air.  In case you have not heard,  some members of Congress have introduced H. R. 2411 which proposes that taxpayers elect to have wages withheld and applied as a payment toward reducing the national debt.

Here is a section of text from that bill which was introduced on July 6, 2011:

SEC. 2. VOLUNTARY WITHHOLDING FROM PAYROLL FOR REDUCTION OF THE PUBLIC DEBT.
    (a) In General- 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.
    (b) Requirement of Withholding- 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 at such times and in such manner as the Secretary shall by regulation prescribe.
    (c) Transfers to Account To Reduce Public Debt- The Secretary shall, not less frequently than monthly, transfer to the special account established by section 3113(d) of title 31, United States Code, amounts equal to the amounts paid over under subsection (b).

Now I don’t know about you, but what type of idiot is being paid to represent the people and proposing garbage like this?  To add insult to injury, if some of the the Sheeple in this country decide to go along with this, their donations are not even tax deductible.  Talk about gall.

Not deductible you say?  Okay, maybe it does not matter to you since you are not going to be dumb enough to contribute to this nonsense, but perhaps your misguided neighbor (who does not read this blog) is feeling patriotic and wants to help out.  So he allows for a $100 deduction.  The bill provides for no social security and Medicare taxes on this amount but heck, the dumb neighbor still has to kick in $20 to $30 bucks in Federal income tax.

Cripes.  What next?

More bureaucracy, more reports, and an increased burden on employers, that’s what.  Employers will have new reports to file, new deductions to track, and new penalties to incur if they misstep by even one dollar.  Companies that write payroll software will have to scramble to change their code and employers will have to subscribe to the update.  What I see is a big mess for everyone except the Congress which sits fat and happy in their cushy jobs with fat-cat benefits and nothing better to do than to soak it to the people.

So what to do?

Send an email to your representatives in Washington and tell them to get back to work in solving our jobs crisis.  Find funding for small businesses that will put people back to work.  Because, at the end of the day, it is jobs that will turn this country around and not some stupid “donation” from misguided citizens.

For help in contacting your elected officials, click here.

Enjoy your next adventure through common sense and thoughtful preparation!

Gaye

Backdoor Survival Tip of the Day:  You know how I love my cast iron skillet.  And truly, it is a breeze to clean – most of the time.  Where I run into issues is when I allow my food to get the crusties (all of those delicious morsels that cling to the food and make it so tasty LOL).  I was using a spatula and some elbow grease to scrape off the bits before wiping the skillet clean but alas, that was too much trouble so I let Survival Husband do it.

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Comments

Would You Forego Wages to Pay Off the National Debt? — 7 Comments

  1. They must think that we are all retards or something. I am already contributing to paying off the debt, its called TAXES. They already take enough of my pay now and they want me to volunteer even more money. They need to be checked out by a licensed psychologist.

  2. I am constantly amazed that for 40 years I participated religiously in our political system. I voted, no matter where I was overseas. I wrote letters, attended town hall meetings, did all I could to be a functioning component of what I thought was a viable system. One of my brothers told me repeatedly that it was all a giant scam. He was in a position to know, since the company he owned worked with government contracts and politicians. I didn’t really believe him until the 2008 debacle and the great bail outs. My wife and I lost the majority of our retirement funds, but the government made sure the big wheels who caused that mess got their bonuses. They did this by giving them the money they extorted from me in taxes.
    I no longer have the slightest faith in the political system, nor do I entertain the fantasy that there is any difference at all between the two “parties.” The only consolation I can find in the current situation is that having brought us all to the brink of disaster with their greed, profligacy, and dishonesty, the politicians and bureaucrats are going to have to ride over the falls in the same barrel they’ve put the common citizen in.

    • I am in total agreement with you on a number of fronts. I would like to believe that there is a new generation of politicos in the wings that will effect change but given that the promise of change did not happen with the last election, I fear that this optimism is merely a pipe dream. S.W.

  3. For those who have seen “Animal House” the (ob)scene “Thank you sir, may I have another?” comes to mind. Or, (title forgotten) for those struggling to keep their finances above water: “Help! Help! I’m drowning.” followed by: “Midshipman, throw that man an anchor.”

    After bankrupting the nation by spending borrowed trillions to temporarily bail out the banks that caused this mess, let’s ask the the taxpayers, who are on the hook for those trillions, to chip in some extra. Yeah. That’ll solve it!

  4. As you and I well know from our time in federal service, our system is designed to only keep those in power, in power.
    It is not the laws on the books, it’s the enforcement and, ultimatley, the judicial decisions; it is not the taxes, it’s the exemptions and “deductions” – and the audits; it is not spending, it is the “products” and “services” that are spent on.
    There is a term in the Operating Room: “…the patient is circling the drain….” The economy is circling the drain, the environment is circling the drain, the culture is circling the drain, etc, etc.

  5. Sounds great, I’d love a debt free nation….except….they’ll just do it again, spend it again, and tax us again, and again, and again.

    Actually, perhaps the Bill has some use…maybe all the Buffet’s, the “Blue’s”, and the do-gooders in Hollywood can make some significant, voluntary extra contributions and smile while doing it. I’d guess that George Clooney, the Baldwins, and others of the same fabric are just chomping at the bit to write some big checks to help continue their support for this economic whirlpool that they have trapped us in.

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