Welcome to OMB Watch's year-end fiscal policy review, where we give you a retrospective of the good, the bad, and the ugly of fiscal policy in 2011. Some acts, such as increased contracting transparency, made for enjoyable viewing, while others, like the congressional budgeting process, left us crying for a new script. Read on for our take on the year's highlights in revenue, budgeting, and spending.

Heading into the holiday season, many Americans think not just of gifts and snowdrifts, but also of another winter tradition: football. As it happens, gridiron analogies are a good way to think about the year's events in the arena of government transparency and right-to-know. In March, OMB Watch published an assessment of President Obama's first two seasons as coach, which showed remarkable progress for Team Transparency. Throughout 2011, Obama and his staff made strong decisions, but there were also a few setbacks along the way.

Big Business lobbyists and their allies in Congress waged systematic attacks against regulations in 2011, attempting to undermine the protections that keep our environment clean, our products and workplaces safe, and our economy prosperous. Underlying the charge against basic protections is an attack on government's role in safeguarding the general welfare of its citizens and in addressing the negative effects of irresponsible corporate behavior.