Trouble is,somewhere along the line,somebody rewrote history and convinced people that it was Reagan's tax cuts that turned things around in the 80s. Fact is,it wasn't high taxes that caused the trouble in the 70s. It was high inflation and high interest rates. That was the result of Nixon,Ford and Carter funding deficits by printing money. Reagan cut a deal with Congress to stop printing money and fund deficit spending by borrowing money until Congress could get spending under control. They never did get it under control,so now we've borrowed ourselves in to oblivion and the (R)s who've always ranted and raved against deficits have passed legislation to make matters even worse.
What's left? Printing money again? This is not gonna end well.
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Today's Featured Article - The River Tractor - by Charlie English Jr.. This is a 4010 John Deere that was used to farm on the Diamond Island which is in the Ohio River about 15 miles southwest of Evansville, Indiana. About ten years ago, this tractor was parked close to the bank as the river was washing the bank of the island away.
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