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defense-spending

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For most of President Obama's term, Republicans have ignored the millions of jobs the Congressional Budget Office says the 2009 stimulus legislation created and instead argued that the government is incapable of boosting employment. Now the same GOP is barnstorming the country telling us the government can, in fact, create jobs -- lots of them.

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Republicans weren't the only ones irked at our nation's leader this week. President Obama has also ruffled some feathers in the Chinese government with his newly hatched military strategy, which he announced in a rare news conference at the Pentagon on Thursday, and which apparently strikes the Chinese as a potentially unwelcome display of U.S. prowess on their side of the globe.

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On Thursday, President Obama dropped in at the Pentagon to outline some sizable changes he's making to America's defense strategy in this last year of his first elected term. His plans will no doubt lay him open to criticism on the campaign trail, but at least it seems to make room for the possibility of focusing funds on the home front.

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Talks between congressional leaders charged with coming up with a plan by Wednesday to cut the national deficit by $1.2 trillion have descended into squabbling and finger-pointing, suggesting that automatic cuts to domestic programs, Medicare and defense spending—rather than a mix of cuts and tax increases—are inevitable. (more)

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