Elisabeth Meinecke

What exactly are we doing over in Libya, Mr. President? The Financial Times reports that "U.S. military operations in Libya are on course to cost hundreds of millions of dollars more than the Pentagon estimated."

Based on numbers the Financial Times obtained, the U.S. operations over in Libya could come in at $274 million over the initial budget.

So in the past several months, Obama has given handouts to Egypt, and it looks like he's content to remain involved in Libya with no clear objective.

But then, who are we kidding? Fiscal responsibility has never been a trademark of this administration (or, let me be clear, the previous one).

Elisabeth Meinecke

Elisabeth Meinecke is TOWNHALL MAGAZINE Managing Editor. Follow her on Twitter @lismeinecke.