We are currently overspending our means. We have been borrowing on a credit card to pay our bills. That credit card is maxed out and we have a payment coming up. If we do not make the payment we have coming up we will default on that card. As you know or should know defaulting on 1 card will raise the interest rate of that card and many if not all of our additional loans. This will then put us further into debt.
Similarly to a family or individual, the country cannot just stop paying some of its bills without risking default. Ideally we will either get a more lucrative job to make more income (aka tax increase) or quit going out to dinner etc. (cut spending) or both. However, the payment is due tomorrow and even if you got a new job today you wouldn't see the benefit for a few weeks minimum. If you quit going out to eat you also won't see that benefit immediately. The only protection you have RIGHT NOW to pay your bill and therefore not default (which will only make the situation even worse) is to get another card and use the money from it to pay the bills until your strategies of more money and/or less spending start to bring things back in line.
Simply deciding to say screw it and not pay the bill is not really an option.
We sell tractor parts! We have the parts you need to repair your tractor - the right parts. Our low prices and years of research make us your best choice when you need parts. Shop Online Today. [ About Us ]
Today's Featured Article - Chores - by Frank Young. The ceaseless passing of time! It is at once our friend and our enemy. It measures our progress and it makes us old. Like most features of our life, few things are all good or all bad, and most such judgments depend on our own perspective or viewpoint. In our particular hobby, we enjoy the nostalgic return to the days of our youth as we recreate many of the scenes that took place on the family farm that served as the stage for the first few acts of the play that is our live
... [Read Article]
Latest Ad:
Sell 1958 Hi-Altitude Massey Fergerson tractor, original condition. three point hitch pto engine, Runs well, photos available upon request
[More Ads]
All Rights Reserved. Reproduction of any part of this website, including design and content, without written permission is strictly prohibited. Trade Marks and Trade Names contained and used in this Website are those of others, and are used in this Website in a descriptive sense to refer to the products of others. Use of this Web site constitutes acceptance of our User Agreement and Privacy Policy
TRADEMARK DISCLAIMER: Tradenames and Trademarks referred to within Yesterday's Tractor Co. products and within the Yesterday's Tractor Co. websites are the property of their respective trademark holders. None of these trademark holders are affiliated with Yesterday's Tractor Co., our products, or our website nor are we sponsored by them. John Deere and its logos are the registered trademarks of the John Deere Corporation. Agco, Agco Allis, White, Massey Ferguson and their logos are the registered trademarks of AGCO Corporation. Case, Case-IH, Farmall, International Harvester, New Holland and their logos are registered trademarks of CNH Global N.V.