A proposed emergancy spending CUT of a trillion dollars would do a lot more for the economy than spending a trillion dollars of borrowed money.
Count on interest rates doubling in the next 4 to 8 months. When the Chinese say they want PAID a real return for funding our economy (instead of 1% or less) the brown waste product will hit the fan. Most of the US dept is financed at fixed rates with 2-4 year terms.
A run up in interest rates will be felt immediately by the nation government. Interest on the US debt is 8% of the budget - a return to "normal" interest rates (say 5%) increases the interest on the national debt to MORE THAN WHAT WE SPEND DEFENSE. Thats if interest rates only go back to mid 1990s levels - hardly high but still crushing to a high debt country addicted to borrowing. If they actually get "high" (in 1980 they were 15%) the federal debt explodes like a college kid's credit card debt.
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 - Oliver 550 Purchaser Checklist - by Greg Sheppard. Pound for pound the 550 is better than anything I've seen. It has great power for its size and can really hunker down and lug. Classified as a 3-bottom plow depending on soil conditions. I personally don't think it can be beat for a utility tractor in the 40 HP range. They are extremely thrifty on fuel, at least my DSL is. Most drive train parts are fairly easy to get. Sheet metal is probably the hardest thing to
... [Read Article]
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.
