Here is another good news/bad news column about the 112th Congress.

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. 

The bedrock issue in the debt limit struggle is whether we should have a larger and more expensive federal government.

This event will take place at the U.S. Chamber of Commerce, 1615 H Street, N.W., Washington, D.C. 20006.

Elizabeth Warren is again at the center of a political controversy. Despite her insistence that she is part Cherokee, based upon “family lore” and her observation that some in her family had “high cheekbones like all the Indians do,” she has failed to produce any concrete evidence to substantiate her claim.

Gen. Martin Dempsey, chairman of the Joint Chiefs of Staff, recently said if sequestration stands, "we wouldn't be the global power that we know ourselves to be today." He's right.

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."

AEI Resident fellow Alex Pollock examines past sovereign debt crises, especially the European crisis of the 1920s, in the context of the current economic situation for a piece in the latest Financial Services Outlook and the Wall Street Journal.