
TPS
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Playoff Bound Baby! - The Drought is Over!!!
TPS replied to 26CornerBlitz's topic in The Stadium Wall Archives
Happy friggin Bills in the playoffs New Year! -
Schwartz will be a HC someplace, and this time he'll get it right.
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An Offseason That Takes Us To The Next Level
TPS replied to H2o's topic in The Stadium Wall Archives
Think another pass rusher will be taken early in the draft. -
The thread that just keeps giving. It has me almost hoping the Bills miss the playoffs to see what happens next week...almost...
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Thanks faith, it's always a breath of fresh air here when someone wants to discuss rather than attack. As I've said, anything that increases the deficit provides a stimulus to economic growth. Spending programs like the Obama stimulus are temporary and designed to provide a short-term kick-start to the economy. Permanent tax cuts reduces the share of revenues (relative to GDP) taken in for a given "state of the economy." That is, the only way to seriously compare the impact tax changes have on the personal revenue-to-GDP ratio is to compare the different tax regimes at similar levels of unemployment.* My argument is the tax cuts will stimulate an already buoyant economy next year and we'll probably see growth between 3.5-4%, but with an economy at 4.1% unemployment already, we'll see the rate fall below 4% which will trigger faster wage gains and inflationary pressures. The Fed's priority is maintaining inflation around its 2% target, and it is expected to raise rates (I believe) 4 more times next year, but faster growth will push them to raise rates faster and higher, triggering the next slowdown, most likely in 2019, if not earlier. That's when the deficit **** will hit the fan again. Next year will be affected by one-time impacts of repatriating profits, so the 2018 deficit will probably be slightly higher than 2017, which should be around $700 billion. I don't expect the Reps to make cuts in 2018, because it's an election year. If my scenario plays out, and deficits approach $1 trillion in 2019, then they could use that to support their desire for cuts at that time. We'll see... I'll try to address the debt and interest rate burden with another post. * Wanted to be clear here. When you change tax rates, the revenues taken in over the course of a business cycle are lower for the regime with lower tax rates. This is why the CBO projects an increase in the deficit of $1-1.5 trillion over the next 10 years. This also means it creates a greater stimulus effect over the cycle as well because of the bigger deficits.
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your opinion of westerndecline ?
TPS replied to westerndecline's topic in Politics, Polls, and Pundits
Who is the jerk that moved this thread to ppp? -
This an interesting decision for the Bills. Their #1 problem is finding a QB, and a vet will cost money. Improving the DL will improve the secondary. They won't break the bank on guys like Gaines and Mathews as they need to invest in the front 7 first. I think they will try to find a pass rusher and LB in the draft, so They will need to make an investment in a DT, but how much are they willing to pay here is the interesting/tough question.
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I'm hoping The D leaks the entire dossier. Speaking of leaks, I wonder if there was any of that going on in the hotel room...?
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such a Dr Jekyll - mr Hyde team, so who knows...
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Do you think they would’ve overturned the music city forward lateral?
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1. Regardless of the method, increasing the deficit provides a short-term boost to demand and GDP, which is why I said Trump's plan could push growth to 3-4%, but it will be very short-lived since we are near the end of the business cycle. For example, Reagan's initial cuts went into effect when unemployment was 10%, and Bush2 began his term and cuts in the midst of a brief downturn. In both cases, there was a lot of room for growth post cuts/deficits. 2. I agree somewhat on the difference; tax cuts in theory are supposed to affect behavior, but in practice they have had a very, very small impact over time. For example, growth during Bush2's terms was nearly 1% below historical average.
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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.
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"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...
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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!
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Sal Maiorana: Incognito Rebuilt His Career with the Bills
TPS replied to 26CornerBlitz's topic in The Stadium Wall Archives
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.