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The Late Edition: December 19, 2012

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NTU is advising Senators not to support the misguided $60.4 billion Hurricane Sandy relief package, which although well meaning, is packed full with unnecessary and costly spending.  

Forbes contributor Tracy Miller examines the Fiscal Cliff from the perspective of investment and its contribution to economic wellbeing.

As the Fiscal Cliff debate continues, there is a lot of talk in Washington about returning to the Clinton-era tax rates, but taxes are only half of the issue. The other half is spending, and former President Bill Clinton was successful at reducing spending “from 21.0 percent of GDP in fiscal year 1994 to 18.2 percent in 2001,” according to new data from the Mercatus Center.

Take a look at this simple chart based on OMB data comparing 2001 spending versus 2012 spending: