Quoting Removed, click Modern View to seeRyan, the thing that is wrong with continuing to borrow more & more to pay interest on current & future debt, is that you quickly run into the situation where all income goes totally toward paying interest, none toward principle. At that point no more borrowing is possible, as the income isn't even sufficient to pay interest. Boom! We should have never been in a borrowing situation to begin with & the sooner we get away from such foolishness, the better off we will be. At least, then ALL income can go toward paying for services rather that toward interest to lenders, where is buys you & I nothing.
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Today's Featured Article - My Ford Golden Jubilee - by Troy Estes. This article is about my '53 Ford Jubilee and a story that starts with taking the tractor to my brother's Starter/Alternator Rebuilding shop for a wiring fix. The generator was shot as well as all the wiring. I dropped off the tractor expecting a transformation from a 6 volt to a 12 volt system utilizing the original generator housing, and a total rewiring of the whole tractor. The front end center pin bushing was worn also so I ask that they replace it if they had time. Well, that’s wha
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