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Guest Post: Boiling Frog Alert: Congress Wants Automatic Wage Deductions To Pay Down The Debt

Tyler Durden's picture





 

From Simon Black of Sovereign Man

Boiling Frog Alert: Congress Wants Automatic Wage Deductions To Pay Down The Debt

Folks… you just can’t make this stuff up.

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.

So let’s say there are millions of sheep out there who elect to
donate a portion of their toil and sweat so that the Chinese and big
financial institutions don’t have to worry about an American default.
How does Congress plan on rewarding its most patriotic citizens? By
sticking it to them on their taxes, of course.

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

“The [Treasury] Secretary shall include. . . a reasonably conspicuous
statement that any amounts deducted and withheld from wages. . .  are
not deductible as charitable contributions for Federal income tax
purposes.”

Imagine this scenario: You make $100,000/year. In a fit of complete
insanity, you decide that you want to withhold your entire annual salary
to pay down the debt. Hey, you can always move in with mom for the next
year, right?

Well guess what– Uncle Sam will gladly take your money… and then
STILL expect you to pay taxes on the $100,000 that you earned, so you’d
have to come out of pocket with an additional $40,000 or so.

Don’t worry, though. The Social Security and Medicare wages are
reduced by the amount that you withhold, making you only liable for
state and federal taxes. Seems like a good deal, eh comrades?

There are so many things utterly wrong with his piece of legislation,
it’s hard to know where to begin other than by saying that such
intellectual and philosophical perversion is only capable of springing
from unprincipled sociopaths whose sole capability is the destruction of
value.

There’s a great quote from Atlas Shrugged that comes to mind which sums this all up:

[W]hen you see that in order to produce, you need to obtain
permission from men who produce nothing; when you see that money is
flowing to those who deal not in goods, but in favors; when you see that
men get rich more easily by graft than by work, and your laws no longer
protect you against them, but protect them against you. . . you may
know that your society is doomed.

We’ve discussed the story of the boiling frog so many times before– a
frog, when put into a pot of water and slowly brought to a boil,
doesn’t realize that he’s in danger until its too late. I think the
boiling frog just got a little hotter. Have you hit your breaking point yet?

 


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Fri, 07/08/2011 - 16:53 | Link to Comment mayhem_korner
mayhem_korner's picture

-1

Fri, 07/08/2011 - 17:27 | Link to Comment gorillaonyourback
gorillaonyourback's picture

agree, silly fuck still doesn't get that there is no difference btween dems and repubs

Fri, 07/08/2011 - 19:19 | Link to Comment toady
toady's picture

Me, or the other guy?

Fri, 07/08/2011 - 21:54 | Link to Comment Pez
Pez's picture

By liberalism you mean free market capitalism of course.

Fri, 07/08/2011 - 17:20 | Link to Comment Tunga
Tunga's picture

"... our tax go to the Treasury..." 

ERRRT!!! No iinthesky that is not how it works. IRS is a private collection agency of the IMF. Your payments go to an IMF account that is used to pay against the interest generated by the national debt. 

Any thing you pay to the US Treasury is totally outside the purview of the tax code enforcers.Timmah would be free to spend your foolish fundage on Cuban cigars if he wants.

Also the Internal Revenue is only generated by federal employees. Hence the definition of the term "income" which means profit derived through the exercise of the privilege of working for the federal US Government. All others "volunteer" when they swear under penalty of purjury that they are US citizens on a W-4 form. 

Reclaim your status as a freeborn American by reclaiming your national status. 

Fri, 07/08/2011 - 21:26 | Link to Comment arizona11912
arizona11912's picture

I've read a little about claiming your strawman. How does the process actually work?

Sat, 07/09/2011 - 01:05 | Link to Comment Tunga
Tunga's picture

claiming your strawman. - arizona11912

The idea that you can claim on a tax form that you are not a taxpayer is bunk. It doesn't work. Not a US citizen or a federal employee? Stop using their forms. A withholding exemption certificate per US code 26 3402 that satisfies the requirements of section (n) is used in place of a W-4. See findlaw or cornelllaw.edu for the code.

 it should look like this;§ 3402. Income tax collected at source


n) Employees incurring no income tax liability  
Notwithstanding any other provision of this section, an employer shall not be required to deduct and withhold any tax under this chapter upon a payment of wages to an employee if there is in effect with respect to such payment a withholding exemption certificate (in such form and containing such other information as the Secretary may prescribe) furnished to the employer by the employee certifying that the employee— (1) incurred no liability for income tax imposed under subtitle A for his preceding taxable year, and (2) anticipates that he will incur no liability for income tax imposed under subtitle A for his current taxable year.

Sat, 07/09/2011 - 03:06 | Link to Comment arizona11912
arizona11912's picture

Thank you Tunga! I'll do some research.

Sat, 07/09/2011 - 13:30 | Link to Comment DosZap
DosZap's picture

That may work for a while.If your born here, your a subject of the American system, and obligated to pay taxes.

Many have tried this, and some have eluded the payoff,but most get nailed.

VOLUNTARY in the IRS guidelines, does not mean you can choose to pay or not to pay.

It means the Filing of same is voluntary,you get to do the paperwork,but is certainly doesn't mean you get to decide if you want to pay or not.

Lots of folks in prison for Voluntary non compliance.

Mon, 07/11/2011 - 08:30 | Link to Comment fallout11
fallout11's picture

True that, DosZap. Ask Wesley Snipes how this approach worked out for him.

Fri, 07/08/2011 - 15:46 | Link to Comment SheepDog-One
SheepDog-One's picture

Oh dont worry! We're about to be saved by QE3! AHHHH HA HA HA HAAAAA HA HA HAAAAAAA!!!!

Fri, 07/08/2011 - 21:29 | Link to Comment Founders Keeper
Founders Keeper's picture

Hi SheepDog-One.

You've been around here for awhile. How do you see things going down?

 

Fri, 07/08/2011 - 16:37 | Link to Comment knukles
knukles's picture

The cuter, nicer the name of the legislation, the more ominous... or something along those lines as written above... 

             ........try Patriot Act.

Fri, 07/08/2011 - 17:05 | Link to Comment robertsgt40
robertsgt40's picture

Fri, 07/08/2011 - 18:34 | Link to Comment Dan The Man
Dan The Man's picture

helloooo!!!  black market !!!

Fri, 07/08/2011 - 22:27 | Link to Comment Mad Marv
Mad Marv's picture

The only answer at this point is to withdraw from the system.  Get your income down so that you don't pay taxes, don't keep money in banks or 401ks (But I'll use their lockboxes), and buy nothing except Food and utilities. 

I wonder if I can convince my employer to pay me as a contract worker?  I'd just as soon not be W2 employed. 

Fuck these plutocrats.  I'm tired of supporting people sitting on their brains while I'm out busting my ass.

Sat, 07/09/2011 - 13:16 | Link to Comment DosZap
DosZap's picture

 (But I'll use their lockboxes)

Not a smart move.................

Sat, 07/09/2011 - 05:57 | Link to Comment thunderchief
thunderchief's picture

The USA will never be productive and competative if these nutjobs push this slave wagon through. What kind of professional would want to work in the USA and pay taxes up the spinkdo and and not get dink in return?

Sat, 07/09/2011 - 05:55 | Link to Comment thunderchief
thunderchief's picture

It will create an Army of Professional Ex-Pats.

Sat, 07/09/2011 - 13:21 | Link to Comment DosZap
DosZap's picture

If there were any REAL intelligent smaller/med sized nations out there, they would put out a blanket invitation, to apply for citizenship(for free) to those w/ample means,and passing back ground checks.

This  would be great building blocks added to their national growth, add millions to their systems, and bring their populations up to speed with REAL workers, and quality people.

Hell, we are already exporting most everything of value now, why not another mini Exodus.

Sat, 07/09/2011 - 08:16 | Link to Comment detroitbluessax
detroitbluessax's picture

People can already do this.

Citizens who wish to make a general donation to the U.S. government may send contributions to a specific account called "Gifts to the United States." This account was established in 1843 to accept gifts, such as bequests, from individuals wishing to express their patriotism to the United States. Money deposited into this account is for general use by the federal government and can be available for budget needs. These contributions are considered an unconditional gift to the government. Financial gifts can be made by check or money order payable to the United States Treasury and mailed to the address below.

Gifts to the United States
U.S. Department of the Treasury
Credit Accounting Branch
3700 East-West Highway, Room 622D
Hyattsville, MD 20782

 

Fri, 07/08/2011 - 15:04 | Link to Comment sabra1
sabra1's picture

it should be mandatory! no?

Fri, 07/08/2011 - 15:14 | Link to Comment Dr. Richard Head
Dr. Richard Head's picture

It's all in the words.  I think the definition of "voluntary", for the purposes ofthis bill, is stuck down on page 843,612,;Section A, subsection 3, paragraph (c), article 413,998; "whereas voluntary, as it pertains to all subsections of this bill, is determined to be considered a representation of mandatory required withholding. Failure to do so will result in enhanced water interrogation or contingent military exercise conscription.  Mommy government loves you"

Fri, 07/08/2011 - 15:15 | Link to Comment coppertop
coppertop's picture

A little high toned for most tastes but keds was a great shoe nonetheless.

Fri, 07/08/2011 - 15:18 | Link to Comment youngman
youngman's picture

It should be mandatory for DEMOCRATS

Fri, 07/08/2011 - 15:50 | Link to Comment RockyRacoon
RockyRacoon's picture

Did you count the names of Republicans on that bill's sponsors?

Fri, 07/08/2011 - 18:30 | Link to Comment Greenlight
Greenlight's picture

Looks like 100% Republicans. 

Fri, 07/08/2011 - 15:51 | Link to Comment LetThemEatRand
LetThemEatRand's picture

It should be mandatory for anyone who intends to vote again for any Democrat or Republican.  Last time I checked, the water was already boiling.  Big O is just following a long line of c[r]ooks who apparently like their frog legs well done.

Sat, 07/09/2011 - 13:23 | Link to Comment DosZap
DosZap's picture

Voluntary is the first step to mandatory.

Fri, 07/08/2011 - 15:05 | Link to Comment AlaricBalth
AlaricBalth's picture

The US government is so broke it is now seeking donations.  What's next, a telethon?

Fri, 07/08/2011 - 15:06 | Link to Comment WestVillageIdiot
WestVillageIdiot's picture

They could have Pelosi and Clinton do a strip act.  I'm sure that people would pay a lot of money to see them, "put it back on". 

Fri, 07/08/2011 - 15:09 | Link to Comment AlaricBalth
AlaricBalth's picture

Great idea! What other acts would the ZH community like to see?

Fri, 07/08/2011 - 15:15 | Link to Comment Dr. Richard Head
Dr. Richard Head's picture

Pelosi's coin slot would be appropriate for the new pennies in circulation. 

Fri, 07/08/2011 - 15:28 | Link to Comment I Am The Unknow...
I Am The Unknown Comic's picture

Sooooo....THAT's why people say pennies taste like that!

Fri, 07/08/2011 - 16:55 | Link to Comment andybev01
andybev01's picture

Eww...that is gross on so many levels.

Fri, 07/08/2011 - 20:30 | Link to Comment Sancho Ponzi
Sancho Ponzi's picture

We could balance the budget if Palin stripped. That's my kind of hopey changey feeley.

Fri, 07/08/2011 - 15:55 | Link to Comment Hacked Economy
Hacked Economy's picture

+1  +1  +1

ROTFL!!

I almost spit up my soda on my keyboard!  One of the best come-back lines I've read on ZH in a long time!

(...but now I have that nasty image in my head of Pelosi's wrinkly coin slot...blech...so much for my lunch...)

Fri, 07/08/2011 - 16:46 | Link to Comment Dr. Richard Head
Dr. Richard Head's picture

Yeah, I am still giggling over that one.  Apparently we have a Pelosi fan lurking as I was junked. 

Fri, 07/08/2011 - 19:46 | Link to Comment Hook Line and S...
Hook Line and Sphincter's picture

Pelosi is kind of hot in a GILF way. Come on, anyone else out there willing to take it to task?

Imagine... come on... imagine it... ohhhh yesss.... uhmmmmm!!!

Fri, 07/08/2011 - 21:20 | Link to Comment BoeingSpaceliner797
BoeingSpaceliner797's picture

I junked you.  Calling your disgusting fantasy above (sarcastic or not) "junk" is giving junk a bad name.

Fri, 07/08/2011 - 15:16 | Link to Comment WestVillageIdiot
WestVillageIdiot's picture

I would put up 30 silver pieces (eagles) for each member of the scum class that commits hari-kari on live TV. 

Fri, 07/08/2011 - 15:17 | Link to Comment FEDbuster
FEDbuster's picture

PPV event hosted by Anthony Weiner and Charlie Rangle?  With special guest host, Jimmy Carter?  WTF???

Buffett was on CNBS the other morning and said that the feds collect an extra $700K to 3 mil from voluntary contributions to lower the debt.  Some ass wipes in congress must have seen it and said "if we only made it easier, more idiots would give us their money".  I like to think my tax payment went to build the "shrimp treadmill".  I can only fantasize where a voluntary contribution would go (maybe to help fill AF1's gas tank for a family trip to Martha's Vineyard or better yet pay for the dog's plane).

Fri, 07/08/2011 - 15:20 | Link to Comment WestVillageIdiot
WestVillageIdiot's picture

Why won't Warren just die already?  He has already outlived his reputation.  Now he is just a panty sniffing old fool with more money than decency or sense and a traitor to his nation.

Fri, 07/08/2011 - 15:31 | Link to Comment FEDbuster
FEDbuster's picture

Becky Quick gives him a viagra induced blow job for each "American Sunrise" interview.

Fri, 07/08/2011 - 15:57 | Link to Comment Confused
Confused's picture

double post.

Fri, 07/08/2011 - 15:56 | Link to Comment Confused
Confused's picture

That is one way to reduce the population without lifting a finger.

 

 

This is a joke right? They couldn't be seriously thinking that this is a good idea.

Fri, 07/08/2011 - 15:07 | Link to Comment the not so migh...
the not so mighty maximiza's picture

o yuck, nancy pelosi jumping up and down in bikini trying to get all phone lines busy.

Fri, 07/08/2011 - 15:10 | Link to Comment sabra1
sabra1's picture

would you rather janet napolitano?

Fri, 07/08/2011 - 15:16 | Link to Comment coppertop
coppertop's picture

I'll take Janet Reno any day!

Fri, 07/08/2011 - 15:16 | Link to Comment TheTmfreak
TheTmfreak's picture

Just stop! All of you stop! I can't stand another image of such things in my mind.

Fri, 07/08/2011 - 15:23 | Link to Comment WestVillageIdiot
WestVillageIdiot's picture

A lesbian show with Janet Reno and Madeleine Albright. 

Fri, 07/08/2011 - 15:31 | Link to Comment coppertop
coppertop's picture

Congelesa with hip boots and a whip. Go Daddy

Fri, 07/08/2011 - 15:35 | Link to Comment sabra1
sabra1's picture

and......christina lagarde!

Fri, 07/08/2011 - 15:36 | Link to Comment coppertop
coppertop's picture

Who?

Fri, 07/08/2011 - 18:17 | Link to Comment adeptish
adeptish's picture

Shut up you cretin...

Fri, 07/08/2011 - 20:35 | Link to Comment Sancho Ponzi
Sancho Ponzi's picture

Coppertop stumbled upon ZH by accident. He/she thinks Zerohedge is a Yahoo xeriscaping forum.

Sat, 07/09/2011 - 10:24 | Link to Comment WaterWings
WaterWings's picture

Outloud chuckle of the day.

Somehow got by our Cheshire Cat captcha.

Fri, 07/08/2011 - 23:57 | Link to Comment CD
CD's picture

Hey guys, think a little about the Turing test. I have a strong suspicion we have an actual, real-live algo in our midst. Kinda primitive, responds to simple keywords related to the topic (see reaction to 'undervalued', large block posts of more than one paragraph, reaction to link posted, etc.) Now THIS is an account Tyler/Sacrilege should look into. Have you seen any multi-sentence reply from this account? Possibly just the handler doing the algo testing intervening, if so. No, this is a responsive, text recognition algo, constructing a response that attempts to be contextually tied to posts, based on pre-determined rules and patterns. I suspect it is also learning. See the other thread by Tony Pallotta on comparing 2007 top to current setup.

It is just good enough to fly under radar as an annoying/weird ZH reader or outright human troll -- but never inflammatory enough to be called out as such. 

Sorry for the repeated postings of this text, let's try to see if we can poke it enough to respond.

Sat, 07/09/2011 - 10:52 | Link to Comment StychoKiller
StychoKiller's picture

Eliza V3.0, perhaps?

Fri, 07/08/2011 - 15:25 | Link to Comment Pool Shark
Pool Shark's picture

 

Barbara Mikulski?

 

Fri, 07/08/2011 - 15:48 | Link to Comment Bicycle Repairman
Bicycle Repairman's picture

On a trampoline?

Fri, 07/08/2011 - 20:15 | Link to Comment prole
prole's picture

You both shall be cast into the fires of Mount Doom.

Fri, 07/08/2011 - 15:19 | Link to Comment MsCreant
MsCreant's picture

There is not enough botox in existence.

Looong blow fish venom!!!

Fri, 07/08/2011 - 15:27 | Link to Comment TruthInSunshine
TruthInSunshine's picture
by AlaricBalth
on Fri, 07/08/2011 - 15:05
#1437755

The US government is so broke it is now seeking donations.  What's next, a telethon?

 

 

 

Yep, just like Jerry's Kids. They can call it "For the Amerikan Children Telethon" and have a big celebrity - maybe Warren Buffet or Jamie Dimon - be the MC.

Fri, 07/08/2011 - 16:23 | Link to Comment Note to self
Note to self's picture

Anyone remember "Americathon" from 1979.  Great drive-in comedy - US broke and actually has a telethon to raise cash.  Must see.

Fri, 07/08/2011 - 16:58 | Link to Comment andybev01
andybev01's picture

Best bit was that sweat suits had replaced business suits.

Look around some day...

Fri, 07/08/2011 - 17:31 | Link to Comment gorillaonyourback
gorillaonyourback's picture

LMAO,  best comment today......... "telethon"  yeah i wonder if jerry lewis is running the telethon down in florida.

Fri, 07/08/2011 - 15:05 | Link to Comment WestVillageIdiot
WestVillageIdiot's picture

Is this like when they passed the Motherfucking Un-American Piece of Shit Scoundrel Act and slapped a label on it calling it, "The PATRIOT Act".

I can just see Don Draper dreaming up such an idea and Roger Sterling grinning from ear to ear as the customer leaves the room with a raging erection.  Sickening. 

Fri, 07/08/2011 - 15:33 | Link to Comment I_ate_the_crow
I_ate_the_crow's picture

Motherfucking Un-American Piece of Shit Scoundrel Act!! Modern Poetry.

Fri, 07/08/2011 - 17:38 | Link to Comment Troublehoff
Troublehoff's picture

Genius!

Spoken like a TRUE patriot

Fri, 07/08/2011 - 17:41 | Link to Comment Troublehoff
Troublehoff's picture

You do realise, that for posting on here, we'll all be first against the wall in the first of Stalin's modern day purges..

 

Fri, 07/08/2011 - 19:41 | Link to Comment knukles
knukles's picture

Yeah, well at least we know they're coming for us, no long sleepless nights worried about whether they'll be knocking, we know we'll be some of the first, so might even get to do a show trial or two to inject some rascalish ZH'd cynical sarcstic humor into the whole proceedings, we know there'll still be enough bullets to make it quick, we know our names will be remembered by those still lurking about....

 

 

What are we waiting for, assembled in the forum?
 
            The barbarians are due here today.
 
 
Why isn’t anything happening in the senate?
Why do the senators sit there without legislating?
 
            Because the barbarians are coming today.
            What laws can the senators make now?
            Once the barbarians are here, they’ll do the legislating.
 
 
Why did our emperor get up so early,
and why is he sitting at the city’s main gate
on his throne, in state, wearing the crown?
 
            Because the barbarians are coming today
            and the emperor is waiting to receive their leader.
            He has even prepared a scroll to give him,
            replete with titles, with imposing names.
 
 
Why have our two consuls and praetors come out today
wearing their embroidered, their scarlet togas?
Why have they put on bracelets with so many amethysts,
and rings sparkling with magnificent emeralds?
Why are they carrying elegant canes
beautifully worked in silver and gold?
 
            Because the barbarians are coming today
            and things like that dazzle the barbarians.
 
 
Why don’t our distinguished orators come forward as usual
to make their speeches, say what they have to say?
 
            Because the barbarians are coming today
            and they’re bored by rhetoric and public speaking.
 
 
Why this sudden restlessness, this confusion?
(How serious people’s faces have become.)
Why are the streets and squares emptying so rapidly,
everyone going home so lost in thought?
 
            Because night has fallen and the barbarians have not come.
            And some who have just returned from the border say
            there are no barbarians any longer.
 
 
And now, what’s going to happen to us without barbarians?
They were, those people, a kind of solution.

                               -C.P. Cavafay, "Waiting for the Barbarians" 

 

Fri, 07/08/2011 - 22:32 | Link to Comment Mad Marv
Mad Marv's picture

Saw a car from New Hampshire the other day with the State's motto; "Live Free or Die".  We're approaching the point where that will be tested.

Fri, 07/08/2011 - 20:18 | Link to Comment prole
prole's picture

I'll stand beside you comrade.

Fri, 07/08/2011 - 20:53 | Link to Comment Troublehoff
Troublehoff's picture

ta Prole, wherever you are, if one day this shit kicks off I hope even a peace loving, lazy idiot like myself will have the guts to tell them to shove it.. unfortunately, i have a nasty habit of going with the flow

but what form would these 'purges' take?

Times have changed. I don't think it will be 'night of the long knives'.

Sat, 07/09/2011 - 01:25 | Link to Comment Kali
Kali's picture

extraordinary rendition

Fri, 07/08/2011 - 15:05 | Link to Comment onlooker
onlooker's picture

WEll, I guess we all wanta chip in to save our Nation. Will this have a counter party type of thing, like reduction of spending?

Fri, 07/08/2011 - 15:06 | Link to Comment TheTmfreak
TheTmfreak's picture

Wow ok. So are they going to suggest this for all of the unfunded liabilities?

They should start with themselves paying money down. In fact anybody can do this RIGHT NOW, but the individual has to do it.

Basically all they are now wanting to do is employ businesses to collect money for the treasury department at the cost of the business, rather than the individual or the state).

Sat, 07/09/2011 - 08:26 | Link to Comment snowball777
snowball777's picture

Close. At the cost of the business and the state (the taxpayer anyway); someone needs to fill out the forms, but someone else needs to process them. If enough devious citizens signed up for $1 a month, they would likely end up with net negative revenue.

 

Fri, 07/08/2011 - 15:07 | Link to Comment drink or die
drink or die's picture

Why bother with that when you can just go here:

 

https://www.pay.gov/paygov/forms/formInstance.html?agencyFormId=23779454

Fri, 07/08/2011 - 15:13 | Link to Comment gbresnahan
gbresnahan's picture

I know it's been suggested before but it's genius.. All we need is for everyone to max out their credit cards paying down the federal debt, then default on their credit cards.

Fri, 07/08/2011 - 15:15 | Link to Comment TheTmfreak
TheTmfreak's picture

Thats actually not a bad idea. Although I think that just harms the credit card companies rather than the government.

Fri, 07/08/2011 - 15:21 | Link to Comment FEDbuster
FEDbuster's picture

Banksters get hurt?  They issue the government it's credit card, I don't think so.

Fri, 07/08/2011 - 15:26 | Link to Comment MsCreant
MsCreant's picture

But then the govt. bails them out!!! Hilarity ensues!!!

Fri, 07/08/2011 - 15:49 | Link to Comment dark pools of soros
dark pools of soros's picture

there's probably a three's company episode similar to this...

Fri, 07/08/2011 - 16:34 | Link to Comment Rusty Shorts
Rusty Shorts's picture

good gawd i miss the prime time camel toe...

Fri, 07/08/2011 - 23:37 | Link to Comment the left behinds
the left behinds's picture

+INFINITY

Sat, 07/09/2011 - 08:27 | Link to Comment snowball777
snowball777's picture

that just harms the credit card companies rather than the government

And that's a bad thing?! LOL

Fri, 07/08/2011 - 16:16 | Link to Comment WhiskeyTangoFoxtrot
WhiskeyTangoFoxtrot's picture

I'm very seriously considering this very tactic. Non-violent resistance (while waiting for the time for violent resistance), bitchez! 

I'm not buying a house anytime soon, and I don't buy things on credit, so FICO, JPMChase, AMEX, BofA, and the rest of them can suck my balls.

Fri, 07/08/2011 - 17:08 | Link to Comment Panafrican Funk...
Panafrican Funktron Robot's picture

Buying a shitload of physical silver on credit, then defaulting on the credit, is also a fun tactic.  Kinda more directly fucks JPM in particular.

Fri, 07/08/2011 - 17:40 | Link to Comment Manthong
Manthong's picture

Hmmm.. Interesting "Plan D" idea for when the balloon goes up.

Max out the big limit credit cards at Apmex and then let the bank try to find you....

Guerilla payback tactic?

Fri, 07/08/2011 - 18:49 | Link to Comment WhiskeyTangoFoxtrot
WhiskeyTangoFoxtrot's picture

Why not plan B (after taking your money out of the banks)? The bank will find me, but when they ask where the hard assets are they will be informed of my "gambling habit." Besides, once the "balloon goes up," all lines of credit, especially non-recourse credit cards, will be shut down immediately and indefinitely. 

 

Sat, 07/09/2011 - 08:29 | Link to Comment snowball777
snowball777's picture

How soon they forget the CC companies dialing back credit limits and canceling cards in early 09.

Fri, 07/08/2011 - 17:10 | Link to Comment bIlluminati
bIlluminati's picture

Not even a credit card. Something like Paypal, where you can arrange for the payment. And since the current Pres__ent (no ID) Is BHO, we can call it BHOPal (tm) (RT).

Sat, 07/09/2011 - 08:32 | Link to Comment snowball777
snowball777's picture

Not sure if you meant to pun on the Bhopal chemical disaster (Union Carbide plant in India that leaked nasty stuff methyl isocyanate killing thousands, crippling tens of thousands, and injuring hundreds of thousands), but the joke's there.

 

Fri, 07/08/2011 - 20:22 | Link to Comment prole
prole's picture

"I know it's been suggested before but it's genius.. All we need is for everyone to max out their credit  cards paying down the federal debt, then default on their credit cards."

I love ZH.

Fri, 07/08/2011 - 15:14 | Link to Comment TheTmfreak
TheTmfreak's picture

Read what I said just above you.

This creates an environment where legislation forces businesses to become collectors for the treasury. By removing the paper work and the work from the person doing it they're trying to get more people to do it.

The easier you make it (by putting the work on somebody else) the more likely you'll get donations.

Fri, 07/08/2011 - 15:17 | Link to Comment coppertop
coppertop's picture

Do you preach other places as well

Fri, 07/08/2011 - 22:05 | Link to Comment Dr. Richard Head
Dr. Richard Head's picture

I'm going to follow you around on this board and ride you like my wife after she has made herself Vegas drunk if you don't fucking behave. Seriously son! If you take a swing make it count. This nonsense you spout is worse than your hairstyle. Cock up biotch.

Sat, 07/09/2011 - 05:13 | Link to Comment Oh regional Indian
Oh regional Indian's picture

DocDickH, he just might be a smart bot as someone above theorized. And now that I think about it, there might be others. One line dropping non-responders.

Clever if true. regardless, waste of type space to engage.

ORI

Sat, 07/09/2011 - 08:04 | Link to Comment Dr. Richard Head
Dr. Richard Head's picture

Very probable. I was shittarded last night and felt like venting really. I have recently become self-aware of of my need to kick people in the proverbial teeth and have found the best outlet for these verbal lashings is online. Trust me, my wife appreciates bots as my targets, as opposed to her. Nonsensical one liners most of the time as Foreskintop's work, but every now and a blue moon I see relevance. Either he is a bot or a bipolar drunk.

Love your thoughts by the way. I have been enjoying your perspective.

Sat, 07/09/2011 - 09:17 | Link to Comment Oh regional Indian
Oh regional Indian's picture

Appreciate the appreciation Doc. 

Better some on-line bozo-bot get's the kick than wifey, that is for sure! ;-)

ORI

 

Fri, 07/08/2011 - 15:35 | Link to Comment karzai_luver
karzai_luver's picture

I am not sure what biz you are crying about but in any of mine

it only takes 1 click to adjust your amount to the fed.

No extra paper or any paper is required.

However the thought that even sheep such as these would click is

comical.

 

Fri, 07/08/2011 - 15:07 | Link to Comment ads56
ads56's picture

This is blessed news and should be embraced. Only a visionary like our Messiah and his minions could construct such revolutionary policy.

 

Hope and Change I believe in!

Fri, 07/08/2011 - 15:08 | Link to Comment carbonmutant
carbonmutant's picture

"I'm dependent on the kindness of strangers." - Blanche Dubois

Fri, 07/08/2011 - 16:44 | Link to Comment Rick Blaine
Rick Blaine's picture

Without Googling it, like I really should...

Isn't it - "I've always been dependent on the kindness of strangers." ??

Fri, 07/08/2011 - 16:53 | Link to Comment carbonmutant
carbonmutant's picture

Picky, picky, picky...

Fri, 07/08/2011 - 18:36 | Link to Comment Greenlight
Greenlight's picture

I have always depended on the kindness of strangers.

Fri, 07/08/2011 - 19:45 | Link to Comment knukles
knukles's picture

Kinda strange to always be so dependent

Fri, 07/08/2011 - 21:42 | Link to Comment Blanche DuBois
Blanche DuBois's picture

I resemble that remark!

Fri, 07/08/2011 - 21:50 | Link to Comment Blanche DuBois
Blanche DuBois's picture

After a little while...

Fri, 07/08/2011 - 20:39 | Link to Comment Calmyourself
Calmyourself's picture

Strangers have shown kindness by providing Pelosi's Depends. Probably smell like her husband's Samoan tuna cannery..

Sat, 07/09/2011 - 03:18 | Link to Comment TedBagwell
TedBagwell's picture

Wow, I think you just singed my nose hairs.

Fri, 07/08/2011 - 15:08 | Link to Comment Eireann go Brach
Eireann go Brach's picture

And this my friends is Obamanomics!...do we seriously expect anything less from the CEO of this country who has less business and financial experience than a 7 year old kid running a fucking lemonade stand!

Fri, 07/08/2011 - 15:25 | Link to Comment WestVillageIdiot
WestVillageIdiot's picture

Wouldn't it be easier for me to just go into the subway and hand all of the government funded scum bags my debit card and PIN?  That would cut out the middle man.  Oh, wait, you have to have those middlemen.  They are the public union drones that pay to have public officials elected.  Never mind. 

Fri, 07/08/2011 - 15:31 | Link to Comment Torsion
Torsion's picture

I agree with you about Obama's lack of experience, but this bill was proposed by a pack of House Republicans.  

Fri, 07/08/2011 - 15:51 | Link to Comment Blano
Blano's picture

I thought I recognized a couple R's in there.  Bastards!!!

Fri, 07/08/2011 - 15:51 | Link to Comment karzai_luver
karzai_luver's picture

Just fold it into the Patriot Act, after all only a commie wouldn't

support the USofA.

Fri, 07/08/2011 - 15:53 | Link to Comment RockyRacoon
RockyRacoon's picture

I was wondering when someone would notice that.  Sure a lot of Democrat bashing for something they didn't do.   One of the few things they are not guilty of...

Fri, 07/08/2011 - 15:07 | Link to Comment scratch_and_sniff
scratch_and_sniff's picture

Portugal has made everyone give up this years christmas bonus...Santa wont be comming this year.

Fri, 07/08/2011 - 15:07 | Link to Comment Dreadker
Dreadker's picture

LOL first thing I learned in the military...

 

NEVER VOLUNTEER FOR ANYTHING!

Fri, 07/08/2011 - 15:19 | Link to Comment GoinFawr
GoinFawr's picture

Hahahaha! No doubt!

Fri, 07/08/2011 - 16:50 | Link to Comment nufio
nufio's picture

ha ha reminds me of that scene in "no mans land" where they ask for volunteers to recon no mans land.

Fri, 07/08/2011 - 15:07 | Link to Comment Stoploss
Stoploss's picture

Fuck those cocksuckers.

 

Come and take it.

Fri, 07/08/2011 - 15:24 | Link to Comment FEDbuster
FEDbuster's picture

Molon Labe.  Gold and guns out of our cold, dead hands.

Fri, 07/08/2011 - 18:49 | Link to Comment JW n FL
JW n FL's picture

Out of their cold dead hands!

Sat, 07/09/2011 - 08:38 | Link to Comment snowball777
snowball777's picture

How prescient.

Fri, 07/08/2011 - 15:08 | Link to Comment goldm3mb3r
goldm3mb3r's picture

In the UK you can volunteer to pay additional income tax. Since 2001 the total received, from the entire populous, has been about $10,000. How about, instead of paying extra money to the feds you buy some physical gold and silver, and tell them to swivel.

Fri, 07/08/2011 - 15:08 | Link to Comment css1971
css1971's picture

Isn't this just another tax? And don't they know that paying off the debt will simply destroy the money which pays the principal off?

Fri, 07/08/2011 - 16:05 | Link to Comment Thisson
Thisson's picture

This comment is genius!

Fri, 07/08/2011 - 15:09 | Link to Comment NotApplicable
NotApplicable's picture

"Whenever destroyers appear among men, they start by destroying money, for it is man’s protection, and the base of a moral existence. Destroyers seize gold and leave to its owners a counterfeit pile of paper. This kills all objective standards and delivers men into the arbitrary power of an arbitrary setter of values. Gold is an objective value, an equivalent of wealth produced. Paper money is mortgage on wealth that does not exist, backed by guns aimed at those who are expected to produce. Paper money is a check drawn by legal looters upon an account which is not theirs: upon the virtue of the victims. Watch for the day when it bounces, marked: “account overdrawn”.

http://66.147.244.196/~theinvio/?p=3522

Sat, 07/09/2011 - 08:40 | Link to Comment snowball777
snowball777's picture

Money is the base of a moral existence.

FAIL!

Sat, 07/09/2011 - 10:31 | Link to Comment WaterWings
WaterWings's picture

You tripped, smacked your head, looked up with teeth missing, and said, "FAIL!".

Sat, 07/09/2011 - 12:52 | Link to Comment snowball777
snowball777's picture

Ayn's poodle speaks!

Sat, 07/09/2011 - 15:13 | Link to Comment WaterWings
WaterWings's picture

It's "speakes".

Sun, 07/10/2011 - 08:39 | Link to Comment snowball777
snowball777's picture

Pleasure to meet you, Speakes.

Fri, 07/08/2011 - 15:09 | Link to Comment HungrySeagull
HungrySeagull's picture

Suppose the entire Nation quits work and the employers close it all up and lock it.

 

digitlman said it best.

Fuck.

 

That.

Fri, 07/08/2011 - 15:13 | Link to Comment digitlman
digitlman's picture

I second this! LOL!

Fri, 07/08/2011 - 16:24 | Link to Comment WhiskeyTangoFoxtrot
WhiskeyTangoFoxtrot's picture

You first! 

Seriously, though, that would be awesome. I'd love to see the fed's try to respond. Unlike a situation involving picketing and blocking people from going to work, they would have no legal grounds to respond to a national strike. I imagine they'd cook up some kind of "emergency powers" reason to try to force us into submission. Fuck that. Let's take our country back. Default, bitchez!

Fri, 07/08/2011 - 23:55 | Link to Comment the left behinds
the left behinds's picture

THIRD

Fri, 07/08/2011 - 15:09 | Link to Comment 10kby2k
10kby2k's picture

Its more taxation or confiscation or both.

Fri, 07/08/2011 - 15:57 | Link to Comment RockyRacoon
RockyRacoon's picture

I guess the word "voluntary" hasn't soaked in for ya.

Fri, 07/08/2011 - 16:21 | Link to Comment knowless
knowless's picture

is that "voluntary" like "background checks" for purchasing firearms are voluntary?

Fri, 07/08/2011 - 18:10 | Link to Comment RockyRacoon
RockyRacoon's picture

What?   It's mandatory for licensed dealers, but it is not necessary for citizen sales.

You analogy falls flat.

Fri, 07/08/2011 - 17:20 | Link to Comment Rainman
Rainman's picture

I heard Harry Reid say that paying taxes is voluntary too....so it must all be true.

Sat, 07/09/2011 - 08:45 | Link to Comment snowball777
snowball777's picture

You could exercise Thoreau's option, had you the courage.

 

Fri, 07/08/2011 - 18:23 | Link to Comment rufusbird
rufusbird's picture

I remember one year at work the branch manager was soliciting "voluntary" pledges for payroll deductions for United Way. He was distributing a sheet around the office showing who was participating. It had a list of everyone's name on it, and it was obvious who  was and was not participating. In the meeting he made it very clear that the other branches had 100% participation. All it takes is one manager, or owner to make many people miserable.

Fri, 07/08/2011 - 19:54 | Link to Comment HungrySeagull
HungrySeagull's picture

I was one of the few to stand up to managers and bosses. I don't hold jobs very long because of that. And never a mouse maze with cubicles.

*Snickers and murmurs of agreement from Hourly full employee staff.

When I discovered being a temp, it made it even more free.

Example.

 

Boss: WTF did you fail to help this customer with the equiptment?!

Me: The failure of your equiptment is not my problem, I am just a temp. Therefore it is you who have failed to ensure this equiptment is ready for the task at hand.

 

Boss: Turning Red into Purple... "OUT! No one talks to me like that! OUT!"

Customer: That temp is very good, your company is very bad. I take my business elsewhere.

Fri, 07/08/2011 - 15:10 | Link to Comment coppertop
coppertop's picture

The wizard of WHACK!

Fri, 07/08/2011 - 15:11 | Link to Comment treemagnet
treemagnet's picture

You mean the rest of you selfish bastards don't want to give more?  Have you no pride?  Give till it hurts - like on a scale of 1-10, whats your number?

(forgot to add:<sarc>)

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