Author Archive: Craig Eyermann

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

The 2014 Wastebook Is Here!


Thursday October 23rd, 2014   •   Posted by Craig Eyermann at 8:56am PDT   •   0 Comments

It’s back! Senator Tom Coburn’s annual compendium of some of the zaniest ways that the U.S. federal government burns through all the money it taxes and borrows in the name of spending: the 2014 Wastebook! This year’s edition features over $25 billion worth of examples of bad decisions made by U.S. politicians and bureaucrats....
Read More »

Fiscal Year 2014 National Debt Wrap-up


Tuesday October 21st, 2014   •   Posted by Craig Eyermann at 9:34pm PDT   •   0 Comments

Who were the major holders of debt issued by the U.S. federal government as of the end of its 2014 fiscal year? The preliminary answer of who owns the $17.860 trillion in debt as of 30 September 2014 is presented graphically below: The data for foreign holdings will be revised over the next six...
Read More »

So Much Explained...


Saturday October 18th, 2014   •   Posted by Craig Eyermann at 10:39am PDT   •   0 Comments

We couldn’t let the ultimate metaphor of our time pass without notice.... Although having his personal credit card rejected in an attempted transaction is just a single embarrassing event for the President, it is not unexpected. Barack Obama has never been a smart man when it comes to money, which is something that has...
Read More »

France on Debt Row


Friday October 17th, 2014   •   Posted by Craig Eyermann at 10:44am PDT   •   0 Comments

What waits at the end of the line for a nation that has borrowed and spent its way into a hole that it can no longer climb out? Not even after imposing extremely high income taxes on its most successful people? France is about to find out. Bloomberg‘s Helene Fouquet and Mark Deen report:...
Read More »

The Danger of the National Debt


Tuesday October 14th, 2014   •   Posted by Craig Eyermann at 6:46am PDT   •   0 Comments

Steen Jakobsen is the chief economist and chief investment officer of Saxo Bank, a Denmark-based investment bank, who is also one of the more bearish analysts in the market today. He caught our attention recently in a CNBC interview, where he specifically identified rising national debt as a major contributor to both lackluster economic...
Read More »

Public-Employee Pension Fraud


Friday October 10th, 2014   •   Posted by Craig Eyermann at 6:11am PDT   •   0 Comments

It is taking an increasing amount of “creative” accounting—or, really, outright fraud—to make a number of troubled public-employee pension funds look solvent when they are nowhere close to having the money needed to pay retiring government employees for the extremely generous pensions they’ve been promised. And when the fraud is found out, taxpayers are...
Read More »

Obamacare Enabling Waste and Fraud


Tuesday October 7th, 2014   •   Posted by Craig Eyermann at 6:26am PDT   •   1 Comment

What do you get when you combine a lack of transparency with a lack of accountability in a massive federal government spending program? If you said at least $250 billion in fraud and waste, you’re right! Nashville’s WZTV reports: In fact, when the Government Accountability Office set out to deliberately scam the Department of...
Read More »

The U.S. National Debt Superhighway


Friday October 3rd, 2014   •   Posted by Craig Eyermann at 6:14am PDT   •   0 Comments

The national debt is that it is so big that it can be difficult to describe the magnitude of the nation’s liabilities in terms that make sense on a human scale. That didn’t stop Mick Teufel from trying, though! Here’s his attempt to describe the size of the national debt using the metaphor that...
Read More »

U.S. Debt versus the Rest of the G7


Tuesday September 30th, 2014   •   Posted by Craig Eyermann at 5:41am PDT   •   0 Comments

In international politics, the Group of 7, or G-7, is made up of the world’s seven most industrialized economies, which include the United States, Japan, Germany, Canada, France, Italy, and the United Kingdom. Rebecca Strauss of the Council of Foreign Relations recently compared how the national debt of the United States changed with respect...
Read More »

Drying Out the “Food Deserts”


Friday September 26th, 2014   •   Posted by Craig Eyermann at 7:18am PDT   •   0 Comments

Most journalists aren’t aware of this, but “food deserts” in the United States are a hoax. A food desert has been arbitrarily defined as an area in which at least 20 percent of the households have incomes that put them below the federal poverty line, before receiving any welfare benefits or considering public transportation...
Read More »

Twitter Facebook Youtube RSS

Search MyGovCost