Eliminating tax subsidies for major energy companies is a bad idea. Singling out big American energy firms for this kind of treatment is abusive and a "glaring violation of the rule of law."

Take a look at the trajectory of US spending on defense and entitlements in the coming decade and how it has changed in the past four years.

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 primary drivers of our growing debt burden are the “Big 3” entitlements of Social Security, Medicare and Medicaid. Yet as part of the debt ceiling deal that created sequestration when the Super Committee failed, politicians effectively fenced off nearly two-thirds of the federal budget and the main source of our over-spending. 

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.

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.

At this event, we will discuss the Obama administration's FY 2013 defense budget and the broader context behind its new strategic guidance.

By all accounts, General Welsh is perhaps the most respected leader in the Air Force today.