Author Archive: Craig Eyermann

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

Venezuela Defaults on Its National Debt


Thursday November 16th, 2017   •   Posted by Craig Eyermann at 6:25am PST   •   0 Comments

Two days ago, the news recently broke that the nation of Venezuela officially defaulted on its debt. Writing at Forbes, Frances Coppola reports on the straw that broke the camel’s back for what had been one of the richest nations in South America. Venezuela has defaulted on two of its US dollar-denominated sovereign bond...
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President Trump’s Tax Cuts and the National Debt


Monday November 13th, 2017   •   Posted by Craig Eyermann at 6:37am PST   •   0 Comments

Last week, the Congressional Budget Office issued its first estimate of how the U.S. national debt would change over the next 10 years as a result of the tax cut legislation now making its way through Congress. That estimate came in the form of a November 8, 2017 letter from CBO Director Keith Hall...
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How Medicare Could Save $3.4 Billion a Year


Friday November 10th, 2017   •   Posted by Craig Eyermann at 5:06am PST   •   0 Comments

It’s no surprise that the U.S. federal government does lots of stupid things. Sometimes, those things are meant to save money but, surprise surprise, those things really do the opposite and drive up costs instead. A good example of this unintended effect can be found in Medicare’s Direct and Indirect Remuneration (DIR) fees on...
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No-Bid Contracts Driving Up Government Waste


Monday November 6th, 2017   •   Posted by Craig Eyermann at 5:53am PST   •   0 Comments

If someone wanted to stop the U.S. government from wasting so much money, a very good place to begin would be to end the power that bureaucrats have to award multi-million dollar contracts without seeking any form of competition among the businesses they will rely upon to deliver results for U.S. taxpayers. Writing in...
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Bureaucrats on a Sinking Ship


Thursday November 2nd, 2017   •   Posted by Craig Eyermann at 6:30am PST   •   0 Comments

Have you ever wondered what it is like to work for a failing enterprise, when that enterprise is a government? Diana Sroka Rickert recently had that experience after she accepted a high-level position with Illinois’ state governor’s office. She would go on to leave that job after just a matter of weeks of growing...
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EPA to End Corrupt, Costly Sue-and-Settle Practice


Monday October 30th, 2017   •   Posted by Craig Eyermann at 5:49am PST   •   0 Comments

During the last two presidential administrations, Environmental Protection Agency (EPA) bureaucrats seeking to increase their regulatory power would often engage in secret collusion with political activists to either deliberately throw court cases where the EPA was being sued or to settle them without contest to achieve that end. Michael Bastasch of the Daily Caller...
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Who Lent $20 Trillion to the U.S. Government?


Friday October 27th, 2017   •   Posted by Craig Eyermann at 6:23am PST   •   0 Comments

Political Calculations tallies up the most recent accounting of the amount of money that the U.S. government owes to its major creditors: The U.S. government’s 2017 fiscal year officially ended on 30 September 2017. From the end of its 2016 fiscal year (FY2016) a year earlier, the total public debt outstanding of the U.S....
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Over-Arming the Bureaucracy


Monday October 23rd, 2017   •   Posted by Craig Eyermann at 6:10am PST   •   0 Comments

In 2015, the nonpartisan government spending transparency advocate OpenTheBooks began tracking the U.S. government’s purchases of firearms and ammunition down to the department and agency level, where one of the most surprising things they uncovered back then was that civilian government agencies that you would never think would have a legitimate need for semiautomatic...
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Veterans Flee VA’s Failing Socialized Health Care


Thursday October 19th, 2017   •   Posted by Craig Eyermann at 6:23am PST   •   0 Comments

It may come as a surprise to many Americans, but the U.S. government operates at least two fully socialized health care systems, for which it both pays the cost of health care and also directly provides it: the Veterans Health Administration for military veterans and the Indian Health Service for Native Americans. Both can...
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How Debt Is Keeping the Lights Off in Puerto Rico


Monday October 16th, 2017   •   Posted by Craig Eyermann at 6:14am PST   •   0 Comments

On September 20, 2017, Hurricane Maria slammed into Puerto Rico and knocked out the entire power grid of the U.S. territory. Nearly three weeks later, about 90% of the island’s electrical grid was still without power. In Puerto Rico, electrical power is solely provided to some 1.5 million households and businesses by the Puerto...
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