Posted by Tradititonal Farmer on January 15, 2008 at 03:43:13 from (71.48.150.218):
In Reply to: economy posted by 756puller on January 14, 2008 at 17:26:17:
According to the Comtroller General Of the US the outlook isn't too good.He says as a country we are bankrupt.Face it the citizens of the US as a group has overspent,over indulged,over built huge houses and overwarred on borrowed money both public and private while producing not a whole lot of anything of real value.Americans are not meeting their mortages and credit card debt at a record rate.The gov't goes into debt at the rate of 2 million bucks an hour.While things like worker protection (OSHA), enviromental protection (EPA)welfare,food stamps,Medicare etc etc may be "good things" they all carry a price tag and unfortunately for us other countries like China care little about these things and are beating our butts in manufacturing and now hold billions of our US dollars and our banks go begging to them and the oil countries for loans to survive.How CAN it keep going as it has for us here in the US? It cannot in my opinion.An economic 'correction' as its called is coming how painful is anyone's guess at this time.
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Today's Featured Article - Grain Threshing in the Early 40's - by Jerry D. Coleman. How many of you can sit there and say that you have plowed with a mule? Well I would say not many, but maybe a few. This story is about the day my Grandfather Brown (true name) decided along with my parents to purchase a new Ford tractor. It wasn't really new except to us. The year was about 1967 and my father found a good used Ford 601 tractor to use on the farm instead of "Bob", our old mule. Now my grandfather had had this mule since the mid 40's and he was getting some age on him. S
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