Posted by dhermesc on November 28, 2015 at 11:23:32 from (24.248.193.103):
In Reply to: Little known facts posted by IaGary on November 28, 2015 at 05:23:16:
Interest on national debt was 402 Billion dollars in 2013 with a average rate of .5% interest. If (when) interest rates return to previous historic low levels (about 4%) the interest alone on the CURRENT national debt will be 3.2 TRILLION dollars a year or more money than the IRS collected in income taxes in 2012.
That little fact alone should be on anyone's mind that is making any long term financial planning.
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Today's Featured Article - Tractor Profile: Allis-Chalmers Model G - by Staff. The first Allis-Chalmers Model G was produced in 1948 in Gasden, Alabama, and was designed for vegetable gardeners, small farms and landscape businesses. It is a small compact tractor that came with a complete line of implements especially tailored for its unique design. It featured a rear-mounted Continental N62 four-cylinder engine with a 2-3/8 x 3-1/2 inch bore and stroke. The rear-mounted engine provided traction for the rear wheels while at the same time gave the tractor operator a gre
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