Will Tuesday be Ron Paul’s big day? Robert Wenzel of EconomicPolicyJournal.com thinks so, as does Paul confidant Lew Rockwell. On December 7 the Republican leadership in the House of Representatives is scheduled to announce the chairmen of various committees and subcommittees, including the Subcommittee for Domestic Monetary Policy and Technology, of which the Texas congressman is currently the ranking Republican member.

Americans have heard politicians talking a great deal about cutting spending, reducing the deficit, and employing a mentality of fiscal conservatism. But just how serious are they about it when they maintain loyalties to their constituents that are diametrically opposed to fiscal conservatism?

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.

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