In the run-up to this weekend's G-8 summit at Camp David, journalists have unfavorably compared European "austerity" with Barack Obama's economic policies.

The same money can't be spent twice. ObamaCare tries to do precisely that, and the government will have to borrow the difference.

Barack Obama’s presidency has had profoundly negative consequences for our national security. From debilitating cuts in defense budgets, to gutting national missile defense efforts, to his unwillingness to acknowledge a continuing war against terrorism, to his inability to stem the nuclear proliferation threats posed by North Korea and Iran....the picture is bleak.

Problems associated with a rapid buildup of deficits and debt should not be compounded by ill-advised, ad hoc policies.

Nobody who believes in a strong link between deficits and interest rates can possibly support an expansion of entitlements at this time.

Sir, Lawrence Summers is certainly correct in asserting that the right focus of the European countries must be on restoring economic growth if they are to restore fiscal sustainability (“Growth not austerity is the best...

Attempts at austerity and deleveraging in Europe have converted an economic problem into a political dilemma, with leftist governments rising against Germany's austerity-laced rescue packages. Germany now faces a tough economic decision that will involve choosing between a breakup of the current euro system and a movement toward a common fiscal policy in Europe.

The Obama budget is already being ripped by Republicans as a political document and by deficit hawks for its failure to attack the debt problem vigorously enough. But in context, it is worth a brief comparison to the Romney and Santorum visions.