TPS

Turnovers matter.

interestingly here's a Cato inst editorial that captures the point I'm trying to make, to an extent. I think we are constrained by technology over the medium term, and production is highly elastic over this period. http://www.cato.org/publications/commentary/natural-resources-arent-finite

there is the cosmic answer: yes, when the sun runs out of energy. but for all practical purposes, no.

like every other government in the world that has a sovereign fiat currency, by maintaining relatively low inflation, otherwise people seek alternatives. Though the government requires that we pay taxes in its liability, so ultimately we're forced to use it. As for finite resources, in what time frame? If resources are finite, then how do economies continuously expand? There may be finite oil out there, but we'll never reach that point because prices will rise to the point where renewable energy resources take its place--renewable. Once all land is used up for farming, what's to stop from going vertical? Are you familiar with a Plantagon? Right now only 59% of the working age population in the US works, that's a lot of excess labor. We currently use only 78% of our capital capacity. So, what exactly does it mean to say resources are finite? Some dumb tautology about the planet?

It's definitely an interesting way of the player insuring himself against injury. But that's why I'd stay away, despite the actuarial numbers, it's the (un)luck of the draw if you take the option and he does get injured.

No, not that kind; the financial kind. Betting on his future earnings. http://www.bloomberg.com/news/2013-11-01/football-player-derivatives-are-the-best-derivatives.html R

If you check out that last link, you'll see that expenditures as a % of GDP are back near their historical norm; it's the revenues that are still below norm. I'be happy to see the deficit fixed by bringing the expenditure % down to the revenue %, as long as it comes out of the spending that supports the "security state" they've created. It's not really. He's arguing to restore cap gains taxes equivalent to income taxes and eliminate the carried interest benefit.

Btw, here's a nice little piece on current trends in the deficit, and it's from an anti-keynesian too. http://seekingalpha.com/article/1794872-federal-budget-outlook-continues-to-improve?source=email_macro_view&ifp=0

Show me the data, because that's total BS. We agree. I said spending and deficits create a lot of profits. Deficit spending creates additional profits (and jobs). Though I'd be willing to bet that if all of that defense money went back to the private sector, fewer US jobs would be created (net). I agree. It wasn't really a giveaway in the first place. The top 1% (esp hedge fund managers) had to "invest" in enough congresspeople to get the tax cuts passed. The investment up front has paid off handsomely though.Does the government not provide you with benefits in some form? What did OW HOlmes say? "Taxes are the price we pay for a civilized society." I'd like to level the playing field again with taxes, as Gross states, let capital income be charged the same rate as labor income.

Cool. Does that put me in DC territory? Are the liberals supposed to be polite here? Talk about an ass... Only during the time of the payroll tax cut; it is back in surplus now that the rate is back as of Jan 1.Do you not want to pay for the 2/3 of the on-budget expense from defense? Which, btw, generates an awful lot of private sector profits (as does all government spending).

Not completely true. The tax burden at the top, and that's what this is about, has declined significantly in the name of promoting jobs and growth. Those tax cuts that Gross talks about don't raise real capital expenditures, they raise the take-home income of the top. As for spending and deficits, off-budget spending on SS and the Meds are still in surplus, so the current deficit comes from on-budget sources. What's our biggest source of spending? Wars and the security state. Yes, we need to cut spending; but we also need to stop the giveaways to the top 1% in the name of voodoo economics--that's really what Gross is saying. Nanker: I don't defend Obama, and his words have nothing to do with mine. 3rd: I knew you couldn't get it.

its funny to see people who aren't in his tax bracket be criticized by those who aren't. And to the other posters, I suppose you think closing the carried interest tax break and raising cap gains taxes as Gross suggested won't raise revenues? Is that what the heritage foundation says? Get it straight from the horses mouth (short video): http://www.bloomberg...dPerSIHNvw.html He makes the same argument I've made for years, lower taxes related to financial investments does not translate to more investment in fixed capital.

oh, I thought that was China.Please, he's doing it for his fund? Really? if additional revenue won't make a dent in our deficit, does that mean we need less revenue to make a dent in it?

He wants higher taxes on the 1%. Imagine...

That was about as good as the new Windows...

This will be a low scoring game regardless of who QBs for the Bills. KC on offense: In their 2 away games that matter, KC scored one offensive TD per game. The key for the Bills will of course be to stop the run, and Lawson starting and staying healthy is a must. He and Mario are needed to set the edge. The bills also have to avoid penalties that help extend drives for KC. If Lawson is healthy, I think the Bills' D can hold KC to no offensive TDs. Bills on O: Having Spiller in will be as important as having Lewis in to manage the game. The bills will have to pound the ball and avoid TOs. Commit to the run and hope for two possible game changing plays: spiller breaks one; and/or they connect on a play-action bomb. ST: the game could well-likely be determined here, but I'm not sure which team gets the lucky break. Outcome: since KC's offense is not great, the Bills have a chance pull off the upset. They need a clean game with few penalties and win the TO battle--that's a lot to hope for. However, I have a good feeling about this game as the one that turns their season around. 16-15 Bills.

Bree's averaged over 360 net passing yards in his first 3 home games, and he had 309 against Buf.

I found it amazing that some were criticizing Gilmore for his not so great play as a one-armed man. A healthy Gilmore and Byrd will allow Pettine to incorporate more of his play book. I really think this team is poised to turn the ship around, and it starts this Sunday! Marrone is feeling it too, if you saw his Monday Presser.

Gilmore had man coverage on the play and chased his man toward the middle of the field. Brees read it and took advantage.

Against the Saints and Bree's, PFF says Gilmore was one of two cbs who gave up zero yards last week in pass d. http://blogs.buffalobills.com/2013/10/29/pff-credits-play-of-kyle-dareus-gilmore/

Totally disagree. Leonard is a solid player, but he's not elite. Byrd is.

I think they are a very good football team, especially their defense, but I think the Bills have a very good chance of pulling off the upset. Don't underestimate home-field advantage. KC's away games were against Jax (worst D in the league), Philly (also a bottom tier D), and the Titans. KC's offense scored 17 points in that game (one TD came off a fumbled punt). This will be another tough, close game which will, once again, go to whoever gets luckier. I am pretty sure the Bills will hold KC to 20 points or less; can they put up 20 or more? For me, the key to the game will be stopping Charles and KC's run game. So it's not that "we" underestimate them, rather the Bills have a good shot at upsetting them.

What I meant by "done" was that their playoff chances would slip to < 5% (IMO); and if they win, I think their playoff chances exceed 50% based on your argument about schedule, and that I believe the last WC spot will come out of the AFCE.

Exactly. They were not over-matched in that game, especially given the fact they are lead by someone who came off the PS a couple weeks ago. The Saints are in the top 3 (I believe) in D points allowed. This team is on the verge...and a win this Sunday could launch them.

Kyle Williams played like a Pro Bowler yesterday. I think it came down to 2 plays: obviously the INT at the end of the half, which wipes 7 off the board; and the D-holding call on a 3rd down that would've forced a punt, and the Saints go on to score again. Take those 14 points away, and the game is a coin toss, though the Saints still probably win. Point is, they were didn't look that over-matched even with Thad at the wheel (there's another 14 points related to his TOs).