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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 | 1438279 mayhem_korner
mayhem_korner's picture

-1

Fri, 07/08/2011 - 17:27 | 1438404 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 | 1438643 toady
toady's picture

Me, or the other guy?

Fri, 07/08/2011 - 21:54 | 1438938 Pez
Pez's picture

By liberalism you mean free market capitalism of course.

Fri, 07/08/2011 - 17:20 | 1438384 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 | 1438883 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 | 1439187 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 | 1439253 arizona11912
arizona11912's picture

Thank you Tunga! I'll do some research.

Sat, 07/09/2011 - 13:30 | 1439776 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 | 1443123 fallout11
fallout11's picture

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

Fri, 07/08/2011 - 15:46 | 1438011 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 | 1438889 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 | 1438214 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 | 1438336 robertsgt40
robertsgt40's picture

Fri, 07/08/2011 - 18:34 | 1438546 Dan The Man
Dan The Man's picture

helloooo!!!  black market !!!

Fri, 07/08/2011 - 22:27 | 1439002 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 | 1439737 DosZap
DosZap's picture

 (But I'll use their lockboxes)

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

Sat, 07/09/2011 - 05:57 | 1439307 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 | 1439309 thunderchief
thunderchief's picture

It will create an Army of Professional Ex-Pats.

Sat, 07/09/2011 - 13:21 | 1439752 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 | 1439353 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 | 1437748 sabra1
sabra1's picture

it should be mandatory! no?

Fri, 07/08/2011 - 15:14 | 1437811 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 | 1437819 coppertop
coppertop's picture

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

Fri, 07/08/2011 - 15:18 | 1437844 youngman
youngman's picture

It should be mandatory for DEMOCRATS

Fri, 07/08/2011 - 15:50 | 1438032 RockyRacoon
RockyRacoon's picture

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

Fri, 07/08/2011 - 18:30 | 1438534 Greenlight
Greenlight's picture

Looks like 100% Republicans. 

Fri, 07/08/2011 - 15:51 | 1438041 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 | 1439756 DosZap
DosZap's picture

Voluntary is the first step to mandatory.

Fri, 07/08/2011 - 15:05 | 1437755 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 | 1437760 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 | 1437782 AlaricBalth
AlaricBalth's picture

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

Fri, 07/08/2011 - 15:15 | 1437818 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 | 1437904 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 | 1438295 andybev01
andybev01's picture

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

Fri, 07/08/2011 - 20:30 | 1438774 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 | 1438056 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 | 1438251 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 | 1438700 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 | 1438874 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 | 1437831 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 | 1437839 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 | 1437862 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 | 1437921 FEDbuster
FEDbuster's picture

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

Fri, 07/08/2011 - 15:57 | 1438059 Confused
Confused's picture

double post.

Fri, 07/08/2011 - 15:56 | 1438063 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 | 1437770 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 | 1437795 sabra1
sabra1's picture

would you rather janet napolitano?

Fri, 07/08/2011 - 15:16 | 1437827 coppertop
coppertop's picture

I'll take Janet Reno any day!

Fri, 07/08/2011 - 15:16 | 1437828 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 | 1437877 WestVillageIdiot
WestVillageIdiot's picture

A lesbian show with Janet Reno and Madeleine Albright. 

Fri, 07/08/2011 - 15:31 | 1437920 coppertop
coppertop's picture

Congelesa with hip boots and a whip. Go Daddy

Fri, 07/08/2011 - 15:35 | 1437955 sabra1
sabra1's picture

and......christina lagarde!

Fri, 07/08/2011 - 15:36 | 1437961 coppertop
coppertop's picture

Who?

Fri, 07/08/2011 - 18:17 | 1438505 adeptish
adeptish's picture

Shut up you cretin...

Fri, 07/08/2011 - 20:35 | 1438786 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 | 1439469 WaterWings
WaterWings's picture

Outloud chuckle of the day.

Somehow got by our Cheshire Cat captcha.

Fri, 07/08/2011 - 23:57 | 1439144 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 | 1439499 StychoKiller
StychoKiller's picture

Eliza V3.0, perhaps?

Fri, 07/08/2011 - 15:25 | 1437889 Pool Shark
Pool Shark's picture

 

Barbara Mikulski?

 

Fri, 07/08/2011 - 15:48 | 1438022 Bicycle Repairman
Bicycle Repairman's picture

On a trampoline?

Fri, 07/08/2011 - 20:15 | 1438755 prole
prole's picture

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

Fri, 07/08/2011 - 15:19 | 1437856 MsCreant
MsCreant's picture

There is not enough botox in existence.

Looong blow fish venom!!!

Fri, 07/08/2011 - 15:27 | 1437899 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 | 1438170 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 | 1438305 andybev01
andybev01's picture

Best bit was that sweat suits had replaced business suits.

Look around some day...

Fri, 07/08/2011 - 17:31 | 1438416 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 | 1437756 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 | 1437930 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 | 1438431 Troublehoff
Troublehoff's picture

Genius!

Spoken like a TRUE patriot

Fri, 07/08/2011 - 17:41 | 1438433 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 | 1438685 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 | 1439008 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 | 1438757 prole
prole's picture

I'll stand beside you comrade.

Fri, 07/08/2011 - 20:53 | 1438820 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 | 1439206 Kali
Kali's picture

extraordinary rendition

Fri, 07/08/2011 - 15:05 | 1437757 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 | 1437761 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 | 1439358 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 | 1437764 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 | 1437806 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 | 1437821 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 | 1437873 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 | 1437896 MsCreant
MsCreant's picture

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

Fri, 07/08/2011 - 15:49 | 1438030 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 | 1438204 Rusty Shorts
Rusty Shorts's picture

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

Fri, 07/08/2011 - 23:37 | 1439112 the left behinds
the left behinds's picture

+INFINITY

Sat, 07/09/2011 - 08:27 | 1439359 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 | 1438160 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 | 1438347 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 | 1438436 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 | 1438585 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 | 1439360 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 | 1438358 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 | 1439361 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 | 1438764 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 | 1437814 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 | 1437837 coppertop
coppertop's picture

Do you preach other places as well

Fri, 07/08/2011 - 22:05 | 1438962 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 | 1439296 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 | 1439348 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 | 1439395 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 | 1437949 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 | 1437765 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 | 1437766 carbonmutant
carbonmutant's picture

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

Fri, 07/08/2011 - 16:44 | 1438246 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 | 1438287 carbonmutant
carbonmutant's picture

Picky, picky, picky...

Fri, 07/08/2011 - 18:36 | 1438552 Greenlight
Greenlight's picture

I have always depended on the kindness of strangers.

Fri, 07/08/2011 - 19:45 | 1438694 knukles
knukles's picture

Kinda strange to always be so dependent

Fri, 07/08/2011 - 21:42 | 1438916 Blanche DuBois
Blanche DuBois's picture

I resemble that remark!

Fri, 07/08/2011 - 21:50 | 1438926 Blanche DuBois
Blanche DuBois's picture

After a little while...

Fri, 07/08/2011 - 20:39 | 1438797 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 | 1439259 TedBagwell
TedBagwell's picture

Wow, I think you just singed my nose hairs.

Fri, 07/08/2011 - 15:08 | 1437768 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 | 1437892 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 | 1437922 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 | 1438037 Blano
Blano's picture

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

Fri, 07/08/2011 - 15:51 | 1438043 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 | 1438047 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 | 1437769 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 | 1437771 Dreadker
Dreadker's picture

LOL first thing I learned in the military...

 

NEVER VOLUNTEER FOR ANYTHING!

Fri, 07/08/2011 - 15:19 | 1437848 GoinFawr
GoinFawr's picture

Hahahaha! No doubt!

Fri, 07/08/2011 - 16:50 | 1438270 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 | 1437772 Stoploss
Stoploss's picture

Fuck those cocksuckers.

 

Come and take it.

Fri, 07/08/2011 - 15:24 | 1437881 FEDbuster
FEDbuster's picture

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

Fri, 07/08/2011 - 18:49 | 1438584 JW n FL
JW n FL's picture

Out of their cold dead hands!

Sat, 07/09/2011 - 08:38 | 1439365 snowball777
snowball777's picture

How prescient.

Fri, 07/08/2011 - 15:08 | 1437775 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 | 1437777 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 | 1438106 Thisson
Thisson's picture

This comment is genius!

Fri, 07/08/2011 - 15:09 | 1437778 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 | 1439368 snowball777
snowball777's picture

Money is the base of a moral existence.

FAIL!

Sat, 07/09/2011 - 10:31 | 1439479 WaterWings
WaterWings's picture

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

Sat, 07/09/2011 - 12:52 | 1439689 snowball777
snowball777's picture

Ayn's poodle speaks!

Sat, 07/09/2011 - 15:13 | 1440013 WaterWings
WaterWings's picture

It's "speakes".

Sun, 07/10/2011 - 08:39 | 1441141 snowball777
snowball777's picture

Pleasure to meet you, Speakes.

Fri, 07/08/2011 - 15:09 | 1437781 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 | 1437805 digitlman
digitlman's picture

I second this! LOL!

Fri, 07/08/2011 - 16:24 | 1438076 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 | 1439141 the left behinds
the left behinds's picture

THIRD

Fri, 07/08/2011 - 15:09 | 1437783 10kby2k
10kby2k's picture

Its more taxation or confiscation or both.

Fri, 07/08/2011 - 15:57 | 1438064 RockyRacoon
RockyRacoon's picture

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

Fri, 07/08/2011 - 16:21 | 1438163 knowless
knowless's picture

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

Fri, 07/08/2011 - 18:10 | 1438494 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 | 1438385 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 | 1439369 snowball777
snowball777's picture

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

 

Fri, 07/08/2011 - 18:23 | 1438516 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 | 1438716 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 | 1437784 coppertop
coppertop's picture

The wizard of WHACK!

Fri, 07/08/2011 - 15:11 | 1437786 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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