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 - What Oil Should I Use? - by Francis Robinson. I keep seein this question pop up over and over again in discussion groups all over the web. As with many things there are often several right answers and a few wrong ones. Some purist I'm sure will disagree to no end with what I will tell you but most of us out here in the real world don't really care do we ? Some of them only bring their noses down out of the air long enough to look down them anyway. If you are like me you are only doing this old tractor stuff because you enjoy it. You
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