Austerity measures in Europe have been the topic of a heated and mostly confused debate in the economic world. During the May summit of the leading industrial nations at Camp David, German chancellor Angela Merkel and other European leaders pushed for continued European austerity. Keynesian critics argue that these policies destroy economic growth.

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 Romney 4 percent Pentagon budget is no “spike”; it’s more like a return to normal, even very constrained military spending given the global mission of America’s armed forces.

Under current law, the U.S. Department of Defense automatically faces significant spending cuts over the next 10 years—cuts that america's civilian and military leaders have cadidly described as "devastating" and "very high risk."

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

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. 

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.

Within a plan to reduce outlays by $6.2 trillion over the next decade, Paul Ryan has found a way to replace $214 billion of the $487 billion in military spending cuts in Obama's budget.