The Heritage Foundation's calculations of Taxmageddon's impact on American taxpayers is only one of four impending disasters ready to hit on midnight, December 31st.

According to Republican Rep. Darrell Issa, there are indications that a federal program is being used to bolster President Obama’s election chances by hiding the negative impacts of ObamaCare. Issa has issued a subpoena to receive documents on that program to prove his case.

Private congressional conversations about how to keep the country from racing off the fiscal cliff in January are already taking place in Washington, but few are willing to give many details. With the promise of anonymity, congressional staffers from both sides of the aisle are working feverishly to come up with solutions to the onrushing fiscal train wreck.

With all the hoopla and media attention now being devoted presidential politics, it would be easy to overlook the importance of Congress, which possesses more powers than the president. Yet how much do you know about your congressmen. To learn about how they actually vote based on the U.S. Constitution, check out The New American's "Freedom Index"!

For each of the past three years, Senator Tom Coburn (R-Okla.) has published his annual Wastebook, and each year the press has had a field day digging into the 200-page report to expose the most outrageous, wasteful, and annoying projects Congress is funding with taxpayer monies. In 2010, for instance, Coburn’s report noted that $200,000 went to research that studied why political candidates “make vague statements,” while his 2011 report exposed squandering of $700,000 to study cow burps, robot dragons, and “bridges to nowhere.”

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