Author Archive: Craig Eyermann

Craig Eyermann is a Research Fellow at the Independent Institute.
Full biography and recent publications

The Next 10 Years and Beyond


Tuesday January 27th, 2015   •   Posted by Craig Eyermann at 5:41am PST   •   0 Comments

We’re going to summarize the key takeaways from the Congressional Budget Office’s just-released report, The Budget and Economic Outlook: 2015 to 2025, with just a picture and a quote. First, here’s the picture, which shows the expected trajectory of the U.S. government’s annual budget deficits under the CBO’s baseline projections, or rather, its best-case...
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Failing the Test of Accountability


Saturday January 24th, 2015   •   Posted by Craig Eyermann at 11:22am PST   •   0 Comments

If you were the federal government bureaucrat who is responsible for selecting an information technology (IT) company for a major computer software development project, would you select the same company that was responsible for producing the Healthcare.gov debacle? Perhaps “debacle” is too light a word. Reason‘s Peter Suderman describes a just-issued report by the...
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A Preview of the 2015 State of the Union Address


Tuesday January 20th, 2015   •   Posted by Craig Eyermann at 5:44am PST   •   0 Comments

President Barack Obama will give his 2015 State of the Union Address to the United States Congress today. From a budget standpoint, here is a brief rundown of the major topics that the President will cover in his address. Bloomberg reports that: President Barack Obama will ask Congress for as much as $68 billion...
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Tax Hikes to Fund Bureaucrat Pensions


Sunday January 18th, 2015   •   Posted by Craig Eyermann at 1:01pm PST   •   0 Comments

Just before November 2014′s elections, we warned that a number of school bond issues that were appearing on voter ballots in the state of California were being advanced under false pretenses. Here, local governments and school boards were advocating that voters approve the school bond issues because they would fund needed improvements to public...
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No-Brainers for Cutting Federal Spending


Tuesday January 13th, 2015   •   Posted by Craig Eyermann at 5:13am PST   •   0 Comments

Now that the U.S. Senate is under new management, Congress is in a position to begin reining in the federal government’s spending to a greater degree than was possible in its previous session. Writing at RealClearMarkets, Jeffrey Dorfman offers three easy and painless ways that the new Congress might first exercise greater fiscal discipline:...
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The Future for the Deficit and Debt


Saturday January 10th, 2015   •   Posted by Craig Eyermann at 12:16pm PST   •   0 Comments

At the end of 2014, the Committee for a Responsible Federal Budget (CRFB) put together 14 charts to describe the budget of the U.S. government. We’re just going to look at the first two, in reverse order, since they tell the big story about the consequences of federal overspending the way it needs to...
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How Serious Is $18 Trillion in Debt?


Tuesday January 6th, 2015   •   Posted by Craig Eyermann at 5:59am PST   •   0 Comments

We took a stab at answering the following question at Quora: How serious of a problem is the US debt of over 18 trillion dollars and what do economists say about this? Here’s how we responded: Having the U.S. national debt be so large is a serious problem for three main reasons: 1. With...
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The Next Detroit


Friday January 2nd, 2015   •   Posted by Craig Eyermann at 12:10pm PST   •   0 Comments

What’s wrong with giving government employees every single dollar they ask for in pensions and benefits? After having seen the role of out-of-control public employee pensions in helping drive the city of Detroit into bankruptcy, which the city was only just able to exit in November 2014 after the city’s public pensioners finally agreed...
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Restarting the Clock on Old National Debts


Tuesday December 30th, 2014   •   Posted by Craig Eyermann at 5:26am PST   •   0 Comments

How long does it take to pay off a nation’s debt? It would seem that once a nation racks up loads of national debt, it can take hundreds of years to actually pay off and settle the bonds it issued when it originally racked up the debt! Or rather, it can take hundreds of...
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Closed For and After Christmas


Friday December 26th, 2014   •   Posted by Craig Eyermann at 5:34am PST   •   0 Comments

The federal government’s bureaucrats are getting the rush delivery of a new and fully paid holiday from Santa this year! President Barack Obama signed an executive order back on December 5, 2014 giving all federal government employees an extra paid holiday this year on Friday, December 26, 2014. Federal employees will be delighted to...
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