Thread: Uncle Sam Wants YOU To Pay Down The Federal Debt

Congress Wants Automatic Wage Deductions To Pay Down The Debt

July 14, 2011
by Simon Black


H.R. 2411 stipulates that any contribution made to the Treasury in order to pay down the federal debt is not tax deductible.

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

On July 6, at least a dozen busybody Congressmen sponsored the introduction of H.R. 2411, the Reduce America’s Debt Now Act of 2011. http://thomas.loc.gov/cgi-bin/query/z?c112:h2411: 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.

H.R. 2411 states that every worker in America should be able to voluntarily have a portion of his or 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…â€

Uncle "Broke Ass" Sam needs a Boot in the Ass

I don't think the money would pay down anything. It would just be more money to spend for redistribution programs. But they say there is a sucker born every minute.