The current fiscal crisis facing state and federal budgets is the largest in recent history. Continued wasteful spending in the Medicaid drug program is a problem requiring policymakers' prompt attention.

Medicaid programs engage in a large amount of unnecessary and wasteful drug spending by reimbursing pharmacies for relatively costly brand products when identical generic products are available.

The Obama administration is going all out to attract Chinese companies to invest in the U.S., but at the same time, it has rebuffed the efforts of the Chinese telecoms giant Huawei to obtain contracts with major U.S. Internet providers or to take over U.S. telecom companies. At this event, a panel of experts will analyze the issues from both an economic and a security perspective.

On March 23, 2010, after a heated battle on the Hill, President Obama signed the Patient Protection and Affordable Care Act into law. In spring 2012, the Supreme Court will hear arguments on whether or not Obama's healthcare reform is constitutional.

There exists a good opportunity to achieve savings in Ohio's Medicaid drug program without cutting benefits or quality of care.

In the coming weeks and months, as the debt ceiling debate rages and new budget battles arise, we will hear more and more class-warfare rhetoric about corporate jets, miserly rich people, and the need for higher taxes. Free-enterprise advocates must be ready to make a three-part case.

Only in Washington would it seem novel that stakeholders should have a reason to care if taxpayers' health dollars are well spent.

Greve argues that a state bankruptcy option would represent a step towards restoring fiscal sanity--as long as it succeeds in breaking the stranglehold of public-sector unions over state politics and budgets.