TPS
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So now the Fed's policy is lumped in with Keynesian spending? Weird definition...(almost as bad as Austrians defining inflation as an increase in the money supply...) Also, the budget wasn't re-set by the value of the stimulus. Again, about 1/3 was tax cuts and credits, not spending; Of the nearly $500 billion spent from 2009-11, $200 billion was in transfers to states so they wouldn't have to make cuts and worsen the situation. That leaves $300 billion over a three year period, or $100 billion/year, which is < 1% of GDP each year. The main cause (about 3/4) of the significant rise in deficits in those years was the loss of tax revenue and the rise in transfer payments associated with higher unemployment and transfers to states.
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I wasn't crediting him. You stated that lackluster growth during his terms proved that huge Keynesian spending policies don't work. I am simply pointing out that, while there was a temporary stimulus to help stabilize the economy, spending declined for most of the rest of his terms--there was no additional Keynesian expansion after that, and the Republicans certainly saw to this in his second term. Again, Trump has been more of a Keynesian than post-2010 Obama. I agree that ee was not a good president. Endless war and no visionary policies.
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Question. What is the opinion on G Wyatt Teller?
TPS replied to Tipster19's topic in The Stadium Wall Archives
PFF's ranking: https://www.profootballfocus.com/nfl/players/wyatt-teller/46131 Interesting, if you click on the link about the Bills' Oline ranking, they had this to say about Teller: -
I feel bad for the Sacklers, being tossed out of an investment fund. Well, at least they didn't die from Opioid addiction like thousands of others... https://www.wsj.com/articles/hedge-fund-tosses-family-that-controls-maker-of-oxycontin-11551985100?mod=hp_lead_pos4
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You're suggesting they shouldn't stick with the dems because a handful call out AIPAC? The majority are trying to pass anti-semitic legislation. I've said this before, why is it so difficult to understand that there are conservative and liberal Jews? Yes, we can all find posts that support our POV. We're all BMan now...
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You misunderstand me. I'm simply trying to point out that Obama did not raise your taxes during the actual recession. I'm not saying I approve, I'm simply saying your statement was not factual. 2011, yes; the recession, no.
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You're not talking about the recession in 2009 or 2010. He extended the Bush tax cuts for all but the top rate (you I presume) starting 2011. You claimed he raised taxes during the recession, which was 2009, which is what I was responding to. He raised taxes in 2011 by not extending your rate and passing ACA.
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The leader of the self-hating Jews on the Omar controversy: https://www.huffpost.com/entry/bernie-sanders-ilhan-omar-anti-semitism-statement_n_5c80385be4b0e62f69e98739 Funny that so many US conservatives seem to think that you're anti-semitic if you don't support Netanyahu's regime or call out Israel's disproportionate use of force on the Palestinians protesting in Gaza, as if that regime represents all Israelis. In fact, it's quite possible that Bibi will lose the upcoming election due to all of those self-hating Jews in Israel...
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What taxes went up in the recession? I'll give you either 2009 or 2010, but please do provide the information.... "Eventually something will happen" is about the best argument anyone has made about the debt...
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"Hypnotized the world" and "seeing the evil doings of Israel" in Gaza. Seems to me she is in line with the recent UN report accusing Israel of war crimes in Gaza. Does that make the UN "Jew haters"? I suppose saying it's all about the Benjamins did her in... She is critical of the disproportionate influence Israel has over many western countries with respect to the Israeli-Palestinian conflict. There are an awful lot of (what Joe and the Dude will call) self-hating Jews who state her comments are not antisemitic. And what does the US congress do? They fall all over each other passing another resolution....
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I'd guess they want to keep a good chunk of change on the salary cap, meaning $20-30 mil going into the season, giving them $45-50 to spend. I think they make a play for at least 3 premier players (e.g. RT Williams, LB Barr, C Morse) that will command an average of $10 mil each ($30 mil), then add a couple more in the $5-7 mil range (WR and TE). That would allow them to go into the draft and take the BPA. Re the salary cap, Beane doesn't want to get strapped again, and it's important to get into a situation where you rollover sizeable chunks each year, giving you more flexibility going forward when big contracts come up for the homegrown players.
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Precisely. I'm not sue why that's so hard for anyone to understand: bigger deficits arise from spending increases OR tax cuts, and bigger deficits provide a stimulus. Even a caveman can understand this...? I mentioned this awhile back, that the effects of Trump's stimulus will be muted by a widening trade deficit. I've stated my support of what Trump is trying to do here, but it will take several years before it has a serious impact on the trade balance.
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Darn, I almost added that Obama was faced with a Republican congress after 2012, but that is less relevant to the point you are trying to make, and spending declined in 2011 and 2012 before the Reps took control. The point: Almost the entirety of the post-2010 Obama years saw federal spending reduced or stagnant. There was NO big Keynesian policy that failed as you claim, because there was no big Keynesian spending policy in place after 2010. However, Obama did provide your type of "stimulus" after 2010 via tax cuts through 2012. He extended most of the Bush tax cuts after they lapsed, and he cut the payroll tax (one of the things I advocated at the time). Other than that, his recovery efforts were mainly directed at saving the banks, thanks to Summers and Geithner. I am not arguing in support of Obama. I am addressing your claim that "Keynesian spending policy is a failure" by showing you there was NO spending increase after 2010; in fact, federal spending fell. So please try to stick with this issue.
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Bills have interest in TE Dwayne Allen; visited 3/6
TPS replied to YoloinOhio's topic in The Stadium Wall Archives
Yes. Signing people like DT Phillips, C Long, and Allen (if they do) reduces the pressure of having to overpay for someone else just to get them here. -
Here's the % change in REAL federal spending from 2007 to 2018 (the #s above are nominal $s). After the stimulus ended in 2010, Obama was a good conservative president.... But don't let the facts get in the way of a good argument.... 2007 08 09 10 11 12 13 14 15 16 17 18 2.0 6.3 6.1 4.1 -2.6 -1.9 -5.5 -2.6 0.0 0.4 0.7 2.6
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Trump's tax and spending policies continue to add fuel to the economy. For the first four months of the fiscal year (which starts in Oct), the deficit is 77% higher than last year ($310 billion vs $176 billion). While individual and corporate taxes are down almost $50 billion in total, revenues are boosted by SS taxes, excise and tariffs which are up $35 billion. This fiscal year's deficit is now projected to exceed $1 trillion. That Trump is a good Keynesian.... Deficit
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Little talked about option for Bills at 9: Brian Burns
TPS replied to Logic's topic in The Stadium Wall Archives
An edge rusher won't surprise me at all for the reasons you point out and they probably feel they won't be picking in the top 10 for a long time....
