TPS

No, but there have been a lot of stories about this over the week.

The media is really trying to make this a story. The NFL does need a boost in ratings...

Scanned through the thread and not sure if it was answered, but Casa di Pizza moved downtown. The space isn’t as nice, but the pizza still is. Moved out to Snyder a year ago, and I have to say, We weren’t taken by Bocce. Maybe it was a bad day. Frank’s Sunny Italy on Delaware does a nice pie.

"After a reasonable amount of time..." been over this ad nauseum with GG. Here's what happens according to standard Keynesian theory: tax cuts create deficits which are expansionary. The deficits will boost the economy helping GDP growth. The income growth in the first year or two is never enough to offset the rate cuts, so the share (%) of revenues to GDP declines and deficits are larger in the first 1-2 years. If the economy continues to grow, then revenues, both absolute and share, rise as unemployment falls. As as I stated about the Trump cuts, the deficit is projected to rise back above $1 trillion. This will give the economy a nice jolt, but we are too far along in the expansion, so the Fed will end up increasing rates faster than they expected, causing the next recession. Btw, I am willing to bet that revenues as a share of GDP will decline for the year the rate cuts go into effect, if anyone is so inclined...

Maybe it's because there are two previous examples of supply side tax cuts that show revenues decline when the cuts go into effect?

The process is building toward something. I hope that something is a team that is peaking at the right moment. Give'm hell tomorrow boys!

The Bills are a team of second chances....and third, and fourth...

RIP Dick Enberg. I grew up in SoCal and remember watching replays of UCLA basketball with Enberg as the announcer. I was an Angels fan and thought he was up there with Scully. Enberg and Drysdale were great together, and then Torre joined him for a few years. I have to admit, I totally forgot about he and Olsen doing the football games.

Yes, they rejected hank's 2 page plan. I wouldn't give the Dems credit here though, it was the millions of angry calls, letters, emails, and pitchforks that made them go back into a room and come up with something palatable.

Well, let's give credit where it's due, hank Paulson and Bush got the bank bailout package passed.

Of course. ?

That was the best hijacking of thread I've seen here.

I guess they were a little preoccupied with the biggest economic crisis since the 1930s. The mainstream Dems also don't care about those policies, the liberal wing does. You seem very fixated on that question...

Hmmm...increased spending is immaterial to impacting the projected $1 trillion deficit? That's a new one. im somewhat sympathetic to the SALT limit for the same reason, though it doesn't help my sympathy having moved to Snyder... Straw man argument. The Dems couldn't support a bill that helps dismantle a bill they passed.

It's a familiar refrain: cut taxes and increase military spending, creating large deficits that will be used to justify future cuts. their real target, SS and Medicare. I don't think that will be a winning formula for the midterms...

Jerry is a marked man, and I'm sure he's got one strike left with McD.

The best part of the tax plan is lowering the corporate rate. Another short-term kick is the full expensing of some P&E. My complaints are usually focused on the personal side, related to the top...

I learn a lot about the Bills listening to him. Enjoyed the discussion about the safeties and disguising coverages, with receivers not knowing what the coverage is a second and a half into the play. Bills are a well-coached team on D.

As I said in my first post, you are talking about the Wall Street wing of the DNC, not the liberal wing. The former have no interest in the working class because they didn't think they could raise significant funds from them.

Deficits are always expansionary, and their impact on inflation depends on where we are in the cycle; we're currently near the top of the expansion, so we're adding fuel to the fire. As you know, the Fed started its rate-rising cycle a year ago, so the expansionary deficits will support their increases, and most likely accelerate them. The problem for Trump is that this will most likely play out when he's up for re-election. Reagan and Bush2 enacted their policies when unemployment was rising and early in their first terms. The timing won't help Trump out.

First, it's not my party, as I'm an independent. Second, "didn't do anything"about what?

Yes, little fairies will spread gold dust on the economy and cause economic growth to exceed 50 years of history... As Magox said, the deficit will be expansionary in the short term, and we may even experience 3-4% growth for a year, but then tight labor markets will kick in. There is currently some slack to allow for a short burst, but by 2019 the Fed will be forced to restrain inflationary pressures.

I can always count on you to distort what I said. The current regime has announced higher spending for military, mostly weapons not personnel, and tax cuts, creating an expected deficit of over $1 trillion in 2019. As I said, trillion $ deficits when we are near full employment will create inflationary pressures to which the Fed will react. I can't wait to see how you twist those words...

Was it that confusing? Deficits matter less when unemployment is high, and in fact are usually high because of high unemployment. When you change tax policy to increase the deficit when we are near what many considered full employment, it will stoke inflationary pressure. I don't care who is president when these things happen.

MMT says deficits do matter when government-related claims exceed the economy's ability to supply goods and services. Between the tax cuts and Trump's handouts to the MIC, the deficit will exceed $1 trillion in 2019. With the official U-rate at 4.1%, we are getting very close to a point where deficits trigger inflation pressures. When this happens, the Fed will ramp up its rate hikes, and the economy will come crashing down just in time for the next election...