Heard on the news last night, Ft. Worth, Tx. is getting 6mil in bailout funds to stop home foreclosures. Here's the plan, give folks $20,000 to help them buy a house. If they stay in the house 5 yrs. the "loan" is forgiven. Just more incentive to get folks in homes they can't afford.
So how does giving a prospective house buyer $20,000 slow foreclosures? Beats me.
Like you, it irritates the fool out of me. James and I work hard and live within our means and all these people who bought more than they could afford get hand outs and bail outs paid for with my money (tax dollars). GRRRRRRR!
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Today's Featured Article - Third Brush Generators - by Chris Pratt. While I love straightening sheet metal, cleaning, and painting old tractors, I use every excuse to avoid working on the on the electrics. I find the whole process sheer mystery. I have picked up and attempted to read every auto and farm electrics book with no improvement in the situation. They all seem to start with a chapter entitled "Theory of Electricity". After a few paragraphs I usually close the book and go back to banging out dents. A good friend and I were recently discussing our tractor electrical systems when he stated "I figure it all comes back to applying Ohms Law". At this point
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