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.

History is littered with examples of major economic and financial crises in countries that have engaged in profligate public spending. These sad experiences should be raising red flags in the U.S.

When he was director of central intelligence, Leon Panetta earned a reputation as an energetic advocate for his agency. When he replaced Robert Gates at the Pentagon, it was reasonable to hope that Panetta would continue to play the role of a senior statesman.

Joseph Antos' analysis of Medicare's fiscal crisis and reform options that could make the program sustatainable; a response to a request from 16 health professionals elected to the U.S. Senate and House of Representatives for public comment on Medicare reform. 

President Obama attacked Rep. Paul Ryan’s budget as “nothing but thinly veiled Social Darwinism.” That is not surprising. What is surprising is that the chairman of a major committee of the U.S. Conference of Catholic Bishops launched a similar scathing attack against Ryan.

When the G8 major economies convened at Camp David last weekend, the continuing crisis of the euro, common currency of 17 European Union (EU) members, dominated the economic discussions. The agonies of Greece, badly divided in recent parliamentary elections, and forced to vote again on 17 June, were at the forefront.

Medicare is facing a fiscal calamity: how can the growth of Medicare spending be limited while ensuring that beneficiaries continue to have access to affordable health care?