My beef is not that things are hard for the poor. There will always be those who for whatever reason aren't as well off as everyone else. My problem is the way that the working poor are systematically ripped off.
If I'm short on money, I can get a bank loan, draw on my credit card or take out a second mortgage. My interest rate will be between 4 and 12 percent. Someone who is "working poor" has few options other than a payday loan place. He ends up paying a usurious interest rate of 300 percent or more.
There has been a lot of trouble here in Michigan with crooked mortgage companies convincing poor people to refinance their homes, with the borrower ending up paying HIGHER interest rates than what they started out with.
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Today's Featured Article - Tractor Profile: Farmall M - by Staff. H so that mountable implements were interchaneable. The Farmall M was most popular with large-acreage row-crop farmers. It was powered by either a high-compression gas engine or a distillate version with lower compression. Options included the Lift-All hydraulic system, a belt pulley, PTO, rubber tires, starter, lights and a swinging drawbar. It could be ordered in the high-crop, wide-front or tricycle configurations. The high-crop version was called a Model MV.
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