published Saturday, November 20th, 2010

Cutting the Card

about Clay Bennett...

The son of a career army officer, Bennett led a nomadic life, attending ten different schools before graduating in 1980 from the University of North Alabama with degrees in Art and History. After brief stints as a staff artist at the Pittsburgh Post-Gazette and the Fayetteville (NC) Times, he went on to serve as the editorial cartoonist for the St. Petersburg Times (1981-1994) and The Christian Science Monitor (1997-2007), before joining the staff of the ...

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SCOTTYM said...

Well,

This makes it a lot harder to pick my grand kids's pockets.

November 20, 2010 at 12:19 a.m.
AndrewLohr said...

"Owe no man any thing"--Romans 13:8.

November 20, 2010 at 1:40 a.m.
eeeeeek said...

"And so the poor dog had none." OMH 1:6

November 20, 2010 at 1:57 a.m.
Clara said...

All I can say is this, which I brought up months ago,

I don't have credit cards, but they are still causing me to lose money because the shop keeper has to raise his cost to cover the cost of handling the credit card transaction, and even though he regains the money from a credit card user, he also gets it from me, who doesn't have a credit card. Those people who are using credit cards are costing me. It might not be much but it adds up.

Has anyone any idea what percentage is entailed when he charges me the same amount. I know that many places have a "No purchase by credit or debit card under $5.00."

???????

November 20, 2010 at 4:53 a.m.
Clara said...

Come to think of it, even the shopkeepers have credit and debit cards for their own convenience, and the people in the firms that issue them.

What are that kind of transactions called by the credit and debit card dealers.

November 20, 2010 at 5:02 a.m.
one4community said...

well done Clay! Another great expression of what needs to happen!

November 20, 2010 at 5:12 a.m.
woody said...

CREDIT..The classic "Catch 22."

If you have it, you don't need it. If you need it, you can't get it.

However, regarding Clay's latest 'toon', me thinks our congress has spent as though they could have money printed at will. Oh wait..they can..until now that is.

A penny saved by everyone here still wouldn't dent the deficit...but it would be a start.

Enjoy the day, Woody

November 20, 2010 at 5:35 a.m.
moonpie said...

An interesting study released a month or two ago by the Journal of Consumer Research showed that when people pay with cash, they are much likely to make healthier food selections at grocery stores. Other work has shown the same is true at restaurants.

It seems parting with cash is just harder to do. We get the smaller steak, only one glass of wine rather than the bottle.

We're less likely to be a glutton if we use cash.

We're a long way off from this, but as a nation, it would be nice to spend only the money we have. Maybe we'd make healthier choices, too.

November 20, 2010 at 7:08 a.m.
rolando said...

Switch to a debit card, moonpie...and closely monitor your bank account because it is immediately withdrawn.

It is truly the same as cash, although most credit cards charge the shop-owner 3-5% of the transfer...which he charges to everyone, as clara said. But special rates and conditions apply to debit cards.

I carry less than $5 cash...

November 20, 2010 at 7:36 a.m.
hambone said...

If the fellow in the cartoon doesn't have health insurance, They'll want to see his credit card at the ER!

Now that's a real Catch 22!

November 20, 2010 at 8:44 a.m.
moonpie said...

Good point rolando. Debit cards had the same unhealthy choices associated with them. Bottom line, it's tougher to part with cash.

I carry only cash, personally, but have a credit card for travel.

November 20, 2010 at 9:04 a.m.
EaTn said...

I carry a limit-cap credit card that I pay off every month and a more guarded debit card for ATM cash. Many places refuse checks and with the ease of a computer to counterfeit, many are very leery of cash. Credit cards are a must for on-line shopping which is ever increasing in popularity.

What does this have to do with our government credit spending? Money transactions are getting more complicated for the average family and it's even more so with our govt. A blanket statement that was true thirty years ago may not be so accurate today.

November 20, 2010 at 10:56 a.m.
whatsnottaken said...

To paraphrase a former hoops coach: Most of us learn to color and write in first grade then move on to bigger and better things. Then there's Bennett. Sorry Clay.

November 20, 2010 at 9:10 p.m.
fairmon said...

I think some are misinterpreting Clay's message here. It appears to be don't bite or cut off the hand that feeds you. Clay is saying don't stop the borrowing and easy spending. However, Clay is like someone that thinks money out of the ATM is free and has no clue how it gets there.

November 21, 2010 at 9:05 a.m.
mountainlaurel said...

Hmmmmm. . . .

“A new study by the Center for Responsive Politics shows that nearly half our national congressional members are millionaires – 261 members to be exact.

Is this why so many of our lawmakers are working to block the President’s proposal to extend the Bush tax cuts solely for the middleclass - because it conflicts with their financial interest?

And no wonder some of our lawmakers are having difficulty relating to unemployment, healthcare costs, and the financial ills of ordinary citizens – they’re not feeling any financial pain.

http://www.opensecrets.org/news/2010/11/congressional-members-personal-weal.html

November 21, 2010 at 9:49 a.m.
fairmon said...

mountainlaurel,

Did you also see how their investments had gone up around 20% in each of the past two years? Did you see that they had investments in financials, the big banks? I wonder if there may be a selfish motive in some of their behavior and decisions? Surely not, they all campaigned saying they were running because of their love of country and to give something back since they had been successful. Both parties have this theme and tell me how bad the other party is and how they will "fight for me". Who in the hell are they fighting with? Could all the fighting be part of the problem?

November 21, 2010 at 3:13 p.m.
mountainlaurel said...

Re Harp 3339: “Did you also see how their investments had gone up around 20% in each of the past two years? Did you see that they had investments in financials, the big banks? I wonder if there may be a selfish motive in some of their behavior and decisions?

Yes, I noted this as well and believe your point is a good one, Harp3339.

I’ve also noted that the names of our congressional millionaires do not appear of the list of “Patriotic Millionaires for Fiscal Strength” who are calling for the President to allow the tax cuts on incomes over $1,000,000 to expire at the end of this year.

http://www.fiscalstrength.com/

November 21, 2010 at 4:29 p.m.
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