Foreign Affairs, the mouthpiece of the Council on Foreign Relations, is like a 500-pound canary: When it speaks, people listen. Gary North referred to the article in the November-December 2010 issue entitled "American Profligacy and American Power" as “a turning point … the first official announcement … that the Federal deficit is out of control … which threatens the survival of America’s position as the world’s most influential political-military participant.”

The GOP opposition to extending the Bush era tax cuts solely to the middle class has been adamant, and may lead to a compromise that would allow a tax cut extension for all Americans.

Senate Finance Chairman Max Baucus proposed a “tax extenders package” on December 2 that pertains to a slew of energy issues, including an extension of ethanol subsidies, as well as a continuation of benefits for those who produce biodiesel, natural gas vehicles, and energy-efficient products and appliances for the home.

As Congress appears to be approaching a compromise on the Bush tax cuts, other major issues with which they need to contend are the federal budget and the START treaty. Little time will be afforded to a number of energy and environmental bills.

Remember that clause in the Constitution that gives the federal government the authority to regulate school bake sales? Even if you don’t, Congress does. The House of Representatives just passed a $4.5 billion bill that, among other things, authorizes the U.S. Department of Agriculture to set nutrition guidelines for all foods sold in a school building during school hours — and that includes “bake sales and pizza fundraisers,” according to CalorieLab.com. (If pressed, elected officials would undoubtedly note that such sales can affect interstate commerce since students buying cupcakes at school would no longer be buying them from Hostess, thus providing an opening for Congress to regulate these activities.)
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