Jerry Holbert by Jerry Holbert

Jerry Holbert

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  1. AussieDownUnder

    AussieDownUnder said, about 3 years ago

    Digging yourself into a hole isn’t new and it’s not a trick. Sooner or later someone has to pay the bill.

  2. Robert Landers

    Robert Landers said, about 3 years ago

    Yes, a very good post as usual. Another factor is that such a devaluation of the standard currency would actually adversely affect the wealthy 1% as well as the rest of us. You don’t even think that would ever be allowed to happen, do you?



    This is not original, I read it somewhere else, but I do not remember where, but it did seem to be logical when I read it then, and it seems even more valid now. I read that Western Civilization has been running up a large debt for the last 300 years or so (well before the founding of the US). But, at the same time Western Civilization has created the greatest amount of freedom and wealth for the average person that ANY civilization in the history of mankind. Something to think about in light of all of the seeming panic over the debt that some are exhibiting.
    Also, it certainly does not seem that Japan is about to collapse with a debt of some 200% of their GDP (ours either is, or is approaching, 100%). For instance, health care there must either be very good, or the Japanese are naturally very long lived, as Japan has the second highest average life span of any country in the world at 82 years (ours is 76 years in comparison).

  3. TJDestry

    TJDestry GoComics PRO Member said, about 3 years ago

    If you don’t own your house and car free and clear, shaddup.

  4. Enoki

    Enoki said, about 3 years ago

    He’s gonna need a bigger shovel…

  5. Robert Landers

    Robert Landers said, about 3 years ago

    Being of sound mine, I own practically nothing in the way of such material things. I do have the love and care of a great family however, and as you can not take it with you to the other side of death anyway, why bother? Being also one of those “moochers” on social security, I am certain that I obtain your disdain, but I really not longer care at the age of 71!

  6. Robert Landers

    Robert Landers said, about 3 years ago

    Thanks, it does look very interesting, and off of my next social security, I will buy it from amazon.

  7. jack75287

    jack75287 said, about 3 years ago

    If one man digs deep enough he can’t get out. Wonder if that applies to a country to.

  8. jack75287

    jack75287 said, about 3 years ago

    Good one.

  9. dzw3030

    dzw3030 said, about 3 years ago

    You make no sense. Are you off your meds? Are you claiming those with a mortgage have no right to speak?

  10. dzw3030

    dzw3030 said, about 3 years ago

    @Robert Landers

    Good luck and lack of bad (expensive) habits put me, at 71, with a paid for home, Mini Cooper, and Ford 4X4. I can’t take it with me but my Kid Sister will enjoy the toys after I die. That’s enough reason to pay attention to finances. Play on words is purely accidental. :-D

  11. Stipple

    Stipple said, about 3 years ago

    House and land paid off, given to my son for $10 back in 2007. He is kind enough to allow me to live here until death.
    Car paid off and given to my daughter for free. She runs me to the store occasionally.
    Why wait until I am gone for them to enjoy it?
    .
    More to the point, why wait until the IRS can take a percentage they do not have any rights to whatsoever, my taxes were paid on the original sales.
    Double jeopardy is against the law in everything but taxes.
    .
    Debt, none at all other than returning the karma given during my life.

  12. Uncle Joe

    Uncle Joe GoComics PRO Member said, about 3 years ago

    The Confederate Army was bigger in 1865 then the current U.S.Army.The Union Army was over twice what the Confederates had.If you want to talk about a massive military today you have to talk about China.

    We have about 1.4 million people in active military service & about that number in the Reserves. The most generous estimates give the Confederacy 750,000 active troops at their peak. The Union had perhaps 2 million. In case you missed it, we’ve had a lot of changes in the way wars are fought since 1865. The Confederate & Union forces combined would be wiped out by our modern army in a matter of days.

    China has actually been shrinking the size of their army. They realized that having a huge force with obsolete equipment was a waste of money. They have shrunk their military to around 2.2 million members, but their tanks, aircraft & warships are still well behind ours. Russia still has more ability to project power around the globe than China.

    We spend more than 5 times as much as China on military. China has to concern themselves with Russia, India, Japan & South Korea on or near their borders.

    http://www.foreignpolicy.com/articles/2010/02/22/think_again_chinas_military?page=full

    http://www.globalfirepower.com/countries-comparison-detail.asp?form=form&country1=China&country2=United-States-of-America&Submit=Compare+Countries

  13. Uncle Joe

    Uncle Joe GoComics PRO Member said, about 3 years ago

    I do own my vehicles and house free and clear, so thanks for the permission to speak up loudly and often.

    The, you are one of the lucky few. Comparing your personal finances to the nation’s only makes sense if you are effectively immortal, & can expect to make more money every year & never retire.

    That said, we do need to plan ahead on shrinking our debt relative to the larger economy. That conversation revolves around taxes, Medicare, Social Security & Defense spending, than it does the safety net programs hated by the Tea Party.

  14. Robert Landers

    Robert Landers said, about 3 years ago

    Thanks for the good (and true) words and thoughts!!

  15. Robert Landers

    Robert Landers said, about 3 years ago

    @Uncle Joe

    Very good post! The only place I have even a slight disagreement is social security. All that is needed there are very slight changes, such as continuing to raise the upper amount actually taxed without raising the percent taxed at all. Even this does not need to be much faster than it has already been in the past. And social security is not a part of the general fund, it has its own tax in the FICA tax, it IS a trust fund. All funds that do not go to current beneficiaries must by law be invested in US Bonds, which indeed become part of the National Debt. But that part is owed to the people of the US. The only danger is that the US default totally, and not be able to even pay the very moderate interest on the National Debt. And if that happens we will have far greater problems than paying out social security, and is NOT going to be allowed to happen!!

    One of the arguments put forth by the ultra conservatives is based on future funding for this program for over 50 years into the future. This type of technique for killing programs is such a crock it would be funny, if it were not so tragic. Just as one example of this technique: I worked on the original B1 Bomber program at Rockwell International down at LAX. The opponents to the program (yes, liberals at that time, they can also use incorrect techniques just as well as the ultra conservatives can) then killed it by stating that the program would cost some $100 billion dollars. And technically they were correct. But what they so conveniently failed to note is that in order to come up with this figure, they had to lump together all of the development costs, plus the cost of the entire production run of some 103 aircraft, and then (to add insult to injury as the saying goes) added the total maintenance costs over the entire expected lifetimes of the aircraft of some 30 years! Of course it came to over $100 billion dollars, almost any major program by either government or private industry would. But the average cost per year would have been only $3 billion out of an average air force cost of some 40 times that! The same technique has been used to oppose the space shuttle and ISS programs of NASA (in fact even NASA’s over all budget itself). This is how the outrageously high in debt numbers for such as social security is obtained by those wishing to kill the best program the government has ever come up with. Would these same people then find the funds to support their own seniors from being totally poverty stricken after working all their lives? Heck, many of these people are supposedly bible believing Christians. Evidently not knowing that the bible states that anybody that does not so support their seniors in their individual families is worse than any unbeliever (such as the hated Muslims) that does!! Well, enough rant for now. Have A Very Great Day Anyway!!!

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