Author Archive: Craig Eyermann

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

The Federal Student Loan Disaster


Friday June 24th, 2016   •   Posted by Craig Eyermann at 6:53am PDT   •   0 Comments

According to the U.S. Treasury Department, the federal government has borrowed over $1.036 trillion to loan money to U.S. college students through the Federal Direct student loan program through April 2016, with over 86% of that amount having been added since January 2009. David Jesse of the Detroit Free Press reports that for the...
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VA Supervisors Fight Against Accountability


Monday June 20th, 2016   •   Posted by Craig Eyermann at 6:46am PDT   •   0 Comments

According to a new whistleblower, supervisors at the the U.S. Department of Veterans Affairs’ central office are abusing their power in ways that include physical and verbal intimidation, sexual harassment, and orders to their staff to not cooperate with Congressional investigations of wrongdoing at the federal government entity. Ashleigh Barry of Phoenix’ KPHO/KTVK News...
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State Rankings for Fiscal Solvency


Thursday June 16th, 2016   •   Posted by Craig Eyermann at 6:22am PDT   •   0 Comments

Eileen Norcross and Olivia Gonzalez of the Mercatus Center have released a new report on the fiscal solvency of each of the United States, Ranking the States by Fiscal Condition. The rankings they determine for each state is based on the following five categories: Cash solvency. Does a state have enough cash on hand...
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Puerto Rico Debt Bailout Bill Advances in Congress


Monday June 13th, 2016   •   Posted by Craig Eyermann at 6:33am PDT   •   0 Comments

A bill that would allow the U.S. territorial government of Puerto Rico to restructure its debts has passed in the U.S. House of Representatives, where it now needs Senate and Presidential approval to become law. The Wall Street Journal describes the main goals of the bill that passed in the House with bipartisan majorities....
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The Major Owners of the U.S. National Debt in Spring 2016


Thursday June 9th, 2016   •   Posted by Craig Eyermann at 6:01am PDT   •   0 Comments

Last week, based on estimates published by the U.S. Treasury Department, we indicated that Saudi Arabia owns at least 0.6% of the U.S. government’s total public debt outstanding. But that leaves at least two really big questions unanswered: How much is the total national debt of the United States now? And who are the...
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An Explosion in Federal Government Waste


Monday June 6th, 2016   •   Posted by Craig Eyermann at 5:49am PDT   •   0 Comments

By definition, waste is an act or instance of using or expending something carelessly, extravagantly, or to no purpose. In practice, the existence of waste means that costs get run up while nothing of benefit is produced. As an example, the U.S. federal government is extraordinarily wasteful. In fact, Investors Business Daily reports that...
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Using the National Debt for Leverage Against the U.S.


Thursday June 2nd, 2016   •   Posted by Craig Eyermann at 6:07am PDT   •   0 Comments

In April 2016, we considered the use of national debt as a weapon through Saudi Arabia’s threat to sell off its large holdings of the U.S. national debt and other assets. The threat comes in response to the possibility of the U.S. Congress acting to declassify 28 pages of a report about the role...
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Marking Memorial Day at the VA


Monday May 30th, 2016   •   Posted by Craig Eyermann at 3:00am PDT   •   0 Comments

In the United States, we celebrate Memorial Day to remember and honor the Americans who died while serving in the military services of the nation. As a holiday, it began informally in the late 1860s, where it was first called “Decoration Day“, which arose in the cities and towns whose families had provided so...
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The Developing Bailout of Puerto Rico


Thursday May 26th, 2016   •   Posted by Craig Eyermann at 6:25am PDT   •   0 Comments

A major step toward the bailout of the bankrupt government of the U.S. territory of Puerto Rico was taken on May 25, 2016, when a draft of the “Puerto Rico Oversight, Management, and Economic Stability Act” (PROMESA) advanced from a Congressional committee with bipartisan approval. The Wall Street Journal describes the bill now pending...
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U.S. Truckers to Test Drive Pension Benefit Cuts


Saturday May 21st, 2016   •   Posted by Craig Eyermann at 11:15am PDT   •   0 Comments

According to Social Security’s Trustees, in 2034, all Americans who receive retirement benefits from Social Security will have their pension payments slashed by 21%. But before that happens 18 years from now, U.S. truckers will test drive even larger retirement benefit cuts from their pensions if the U.S. Treasury department has its way, as...
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