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.

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.

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.

On Tuesday, May 15, join the American Enterprise Institute, the Center for a New American Security and the New America Foundation to discuss an issue sure to face the next president: U.S. defense spending in light of American grand strategy.

Health reform created the opportunity to redirect tax incentives to promote greater equity, efficiency, and choice in insurance markets.

America is nearing a decisive moment.  Unless Congress acts to change current law, automatic sequestration cuts will slash future spending on national defense across-the-board by over $500 billion beginning early next year.

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."

Some consumers and businesses might see a little extra cash this summer as a result of the 2010 health care law. The Kaiser Family Foundation recently reported an estimated $1.3 billion in rebates will be delivered from health insurers who spent more than the law allotted on administrative expenses and profits.