Is a global "carbon tax" still in the works, even though political support, as well as scientific support, has been steadily plummeting for legislative and regulatory regimes aimed at dealing with global warming?

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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