Author Archive: Craig Eyermann

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

CBO: Bigger Than Expected Budget Deficit in 2016


Thursday August 25th, 2016   •   Posted by Craig Eyermann at 6:55am PDT   •   0 Comments

The CBO has issued its mid-year update to its Budget and Economic Outlook, which covers the years from 2016 through 2026. Here’s their summary of the main change in what they project for the next 10 years. CBO’s estimate of the deficit for 2016 has increased since the agency issued its previous estimates in...
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Taxpayer-Financed Stadium for Sale!


Monday August 22nd, 2016   •   Posted by Craig Eyermann at 6:22am PDT   •   0 Comments

In 1996, construction began on a brand new major league ballpark in Phoenix, Arizona, which became the home of the Arizona Diamondbacks when it was completed and opened in 1998. Originally called Bank One Ballpark, the stadium is now known as Chase Field. The stadium cost $349 million to complete, of which, $238 million...
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282 TVs in a VA Closet and Nothing’s On


Thursday August 18th, 2016   •   Posted by Craig Eyermann at 6:41am PDT   •   0 Comments

The Department of Veterans Affairs has gotten itself into hot water with its Inspector General again, this time, for wasting over $292,492 to buy some 282 television sets for a new patient area in the John D. Dingell VA Medical Center in Detroit, Michigan that was never built, where the TVs were thus never...
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Weaponizing Ukraine’s National Debt


Monday August 15th, 2016   •   Posted by Craig Eyermann at 6:21am PDT   •   0 Comments

As much as we focus on the U.S. national debt, there’s a lot that we can learn from other governments whose national debts have surpassed their people’s ability to even hope to pay back their nation’s creditors. A very strong argument to be made that the nation with the worst problem arising from its...
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Federal Financing for Los Angeles Sports Park


Friday August 12th, 2016   •   Posted by Craig Eyermann at 6:24am PDT   •   0 Comments

Last May, the City of Los Angeles decommissioned its Memorial Sports Arena, lowering three flags that had flown over the facility—those of the United States, California, and Los Angeles County and City—for the last time before making way for a new $250 million sports development in Exposition Park. But there’s a problem. Neither Los Angeles...
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One Weird Trick to Restore Solvency to State Pensions


Monday August 8th, 2016   •   Posted by Craig Eyermann at 6:21am PDT   •   0 Comments

How many times have you followed a link that began with the “One Weird Trick” clickbait meme? Hopefully, a lot of state government elected officials and bureaucrats do this, which is why the title of this article is “One Weird Trick to Restore Solvency to State Pensions.” For the states that are so far...
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Four Federal Trust Funds Running Out of Time


Thursday August 4th, 2016   •   Posted by Craig Eyermann at 6:43am PDT   •   0 Comments

Years ago, when the U.S. government spent far less money than it does today and currently plans to spend in the future, elected officials created several trust funds as a way to set aside the “extra” money collected for dedicated purposes, so that it could spend the money later when it would actually be...
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Decorating the Department of Veterans Affairs


Monday August 1st, 2016   •   Posted by Craig Eyermann at 6:32am PDT   •   0 Comments

Just when you think that the Department of Veterans Affairs might finally be starting to get its act together, along comes yet another example that demonstrates how far out of whack the priorities of its senior leadership and supervisors have been. A joint investigation by Open the Books and WSB-TV News of Atlanta, GA,...
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Learning from Spain’s Social Security Example


Friday July 29th, 2016   •   Posted by Craig Eyermann at 10:31am PDT   •   0 Comments

What should Americans expect to happen when Social Security’s Old Age and Survivors Insurance (OASI) trust fund runs out of money in 2034? For many Americans, including those who are just starting to collect Social Security retirement benefits, that may seem like a long time away. But if current projections hold, well before 2034...
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Clinton and the Future U.S. Budget


Monday July 25th, 2016   •   Posted by Craig Eyermann at 6:10am PDT   •   0 Comments

The Democratic National Convention is going on this week, and much like the Republican National Convention last week, I’m once again planning to avoid watching any part of it. Life is simply too short to waste valuable leisure time on the empty promises of politicians who either won’t keep their grandiose promises or worse,...
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