Posted by noncompos on March 12, 2010 at 10:33:16 from (71.36.103.97):
Ran across a site (didn"t note which) that said in 2008 the Feds lifted the 10-year rule on collection of defaulted Ag, SBA and other loans, and that they were using Fed right of offset to take part of SS pmts to people who owed on such defaulted loans. Don"t know if this quietly passed or whether I just missed it at the time. Apparently means if you defaulted on various types of Fed loans in the past, still owe a balance and are now drawing SS, Feds might deduct a bit.
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Today's Featured Article - The Revival of a John Deere Combine - by The Red, John Fritz. For several years I had been driving by a farm house on the west side of Indianapolis that had a John Deere combine parked in high weeds in a lot behind the house. The gentleman no longer farmed because the entire area was developed with housing and light industry. I had stopped several times and knocked on the door but no one would answer. My curiosity was up and I wanted to contact the owner. I wanted to see what he planned to do with the combine.
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