Trouble is,somewhere along the line,somebody rewrote history and convinced people that it was Reagan's tax cuts that turned things around in the 80s. Fact is,it wasn't high taxes that caused the trouble in the 70s. It was high inflation and high interest rates. That was the result of Nixon,Ford and Carter funding deficits by printing money. Reagan cut a deal with Congress to stop printing money and fund deficit spending by borrowing money until Congress could get spending under control. They never did get it under control,so now we've borrowed ourselves in to oblivion and the (R)s who've always ranted and raved against deficits have passed legislation to make matters even worse.
What's left? Printing money again? This is not gonna end well.
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Today's Featured Article - Restoration Story: Fordson Major - by Anthony West. George bought his Fordson Major from a an implement sale about 18 years ago for £200.00 (UK). There is no known history regarding its origins or what service it had done, but the following work was undertaken alone to bring it up to show standard. From the engine number, it was found that this Major was produced late 1946. It was almost complete but had various parts that would definitely need replacing.
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