Obama and Other People's Money

What sets this president apart is how eager he is to fund his schemes outside the normal appropriations process.

Updated Feb. 15, 2012 8:30 p.m. ET

Former British Prime Minister Margaret Thatcher once said that the problem with socialism is that eventually you "run out of other people's money." And it's not just tax dollars she was talking about, as the Obama presidency has shown.

Take the decision to force Catholic institutions to provide health-insurance coverage for sterilization, contraception and abortion-inducing drugs. When this decision caused an outcry, Mr....

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