Because we're borrowing money to pay interest,plain and simple. They interviewed some professor yesterday on the local news. Asked him "how it would effect the average person" if they don't raise it. Best he could come up with was that it would raise interest rates. ???????? You mean that I might be able to get more than a quarter percent interest on the money I have in the bank? And that that would be a BAD thing???
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Today's Featured Article - History of the Nuffield Tractor - by Anthony West. The Nuffield tractor story started in early 1945. The British government still reeling from the effects of the war on the economy, approached the Nuffield organization to see if they would design and build an "ALL NEW" British built wheeled tractor, suitable for both British and world farming.
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