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The world is becoming increasingly scary at the very time that the military will be facing 20% reductions. With each passing day, the world closes in; with each passing day, our ability to manage that world degrades.
Conventional wisdom holds that the Navy and Air Force escaped the budget drill mostly intact while the Army endured the bulk of cuts. But the truth is that all of the services are shrinking and aging under the Obama budget.
Will Congress find a way to put off the confrontation another month or so until the debt ceiling is reached and use their leverage there for a higher-stakes confrontation?
National defense is one indispensable task of the federal government--and indeed a principal reason why the Founders felt the need to replace the Articles of Confederation with the Constitution.
Cutting funding to organizations that oversee food safety and drug approval would have a counterproductive impact.
In many ways, the most interesting dynamic right now is that surrounding Speaker John Boehner, who has in the past been a first-rate legislator, knows how the legislative process works and knows the risks of a shutdown--to the economy and to his party--are high.
Europe’s current debt crises are a consequence of a region-wide crisis of the welfare state, whose vast promised benefits voters demand, yet are unwilling to finance through self-taxation.
Once again, high gasoline prices are in the news. As of this writing, the national average gasoline price per gallon price is hovering around $3.79.






