In the past decade, the Securities and Exchange Commission’s budget has increased threefold and the fundamental problems remain. For the sake of investors, who have lost billions in fraudulent schemes that should have been discovered, it is high time that these organizational issues be addressed.

On April 13, 2012, the US Department of the Treasury released new cost estimates for the Troubled Asset Relief Program. Looking principally at actual and projected contractual cash flows, the document concludes that: "Overall, the government is now expected to at least break even on its financial stability programs and may realize a positive return." 

So long as European defense remains largely theoretical-and at least some Atlanticist members of NATO truly believe that ESDP is a step toward burden-sharing-I believe that we should concentrate our energies on the most immediate challenges at hand and not find ourselves lost in unproductive acrimony where it can be avoided.

This nation employs several methods for taxing capital income, both at the individual and the corporate level.  There is a massive economic literature that documents strong theoretical and empirical support for the United States to reduce its capital taxes

Unless Congress acts, this summer the Pentagon will begin making across-the-board cuts in defense programs — cuts that will eventually be so deep that the chairman of the Joint Chiefs of Staff has said they will end the United States’s status as a global superpower. Yet there seems to be...

Tensions in the South China Sea have been on the rise following a number of incidents at sea and tough rhetoric among the claimants to the sea's waters and islands.

Several studies have shown that public-sector workers receive higher compensation than their counterparts in the private sector. Although, federal contractors have some of the advantages of private sector workers, in that poor performers can be dismissed and the composition of the contractor workforce altered, it is possible that they are overcompensated just as federal employees are right now.

The effectiveness of the ARRA depends, quite simply, on the stimulus spending occurring in a timely fashion.