Author Archive: Craig Eyermann

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

How to Chip Away at the U.S. Government’s Debt to Apple


Thursday September 21st, 2017   •   Posted by Craig Eyermann at 6:40am PDT   •   0 Comments

According to CNBC, Apple Computer has loaned the U.S. government over $52.6 billion, where if the company were a foreign country, it would rank 22nd among the major foreign holders of the publicly-held portion of the U.S. government’s total public debt outstanding. That amount is just 0.2% of the entire public debt outstanding as...
Read More »

National Debt Passes Grim Milestone, but Growth Slows


Monday September 18th, 2017   •   Posted by Craig Eyermann at 6:42am PDT   •   0 Comments

The U.S. government’s total public debt outstanding finally surpassed the grim milestone of $20 trillion on September 8, 2017, following President Trump’s surprising deal with Congressional Democrats to suspend the statutory debt ceiling through December 15, 2017. On that Friday, the national debt jumped by $317.6 billion to reach $20.16 trillion. The total public...
Read More »

Government Nearing Default on Debt to Russia


Thursday September 14th, 2017   •   Posted by Craig Eyermann at 6:15am PDT   •   0 Comments

The government in question is that of Venezuela, which is nearing default as it is running out of resources to pay back the money it owes to its Russian creditors according to the terms it accepted when it chose to borrow money from them. MOSCOW, Sept 8 (Reuters) – Russian Finance Minister Anton Siluanov...
Read More »

Dealing Away the Debt Ceiling


Monday September 11th, 2017   •   Posted by Craig Eyermann at 6:06am PDT   •   0 Comments

Following up President Trump’s surprising deal with Congressional Democrats to suspend the U.S. government’s statutory debt ceiling through December 15, 2017 as part of providing funding to support hurricane damage relief in Texas, Louisiana and Florida, President Trump also appears to have reached a “gentleman’s agreement” to permanently eliminate the statutory debt ceiling altogether....
Read More »

President Trump’s Surprising Debt Deal


Thursday September 7th, 2017   •   Posted by Craig Eyermann at 6:59am PDT   •   Comments Off on President Trump’s Surprising Debt Deal

While it won’t be news to MyGovCost readers, President Trump did indeed tie together aid to fund the recovery to large-scale damage caused in Texas and Louisiana by Hurricane Harvey with an increase in the U.S. government’s statutory debt ceiling. What may be surprising however is who he reached the deal to do both...
Read More »

High School Administrators Incented to VA-Style Fraud


Monday September 4th, 2017   •   Posted by Craig Eyermann at 10:56am PDT   •   Comments Off on High School Administrators Incented to VA-Style Fraud

In 2001, the U.S. Congress passed the “No Child Left Behind” Act, which promised to improve the academic performance of the nation’s K-12 schools in part by holding elementary and secondary school administrators to a higher level of accountability while also pouring up to $23 billion of federal spending annually into poorly performing local...
Read More »

Hurricane Harvey and the Debt Ceiling Storm


Friday September 1st, 2017   •   Posted by Craig Eyermann at 6:53am PDT   •   Comments Off on Hurricane Harvey and the Debt Ceiling Storm

Putting together a package of federal aid to assist the Americans who have been displaced from their homes and jobs in the destructive aftermath of Hurricane Harvey—and increasing the statutory debt ceiling of the U.S. government—would appear to be two entirely separate jobs for the U.S. Congress, but political realities will force the two...
Read More »

Dallas Police Force Shrinks in Face of Government Pension Bomb


Monday August 28th, 2017   •   Posted by Craig Eyermann at 6:13am PDT   •   Comments Off on Dallas Police Force Shrinks in Face of Government Pension Bomb

The ongoing saga of Dallas’ failing government employee pension fund for its police officers and firefighters is continuing to play out to the detriment of the Texas city’s residents. When MyGovCost last checked on the story, the city’s mayor had rejected new property taxes to finance a taxpayer bailout of the insolvent pension fund....
Read More »

Moody’s: U.S. Credit Rating Safe in Government Shutdown


Thursday August 24th, 2017   •   Posted by Craig Eyermann at 5:25pm PDT   •   Comments Off on Moody’s: U.S. Credit Rating Safe in Government Shutdown

It’s official! The 2017 edition of Government Shutdown Theater, which MyGovCost hinted was coming less that two weeks ago, was initiated by President Trump at a speech in Phoenix, Arizona on Tuesday, August 22, 2017. The Hill‘s Mike Lillis reports on the now increased chance that the U.S. government will be partially shut down...
Read More »

Federal Government Layoffs in the Works


Monday August 21st, 2017   •   Posted by Craig Eyermann at 6:31am PDT   •   0 Comments

For a very long time, the employees of the U.S. government have had it really good. According to the Congressional Budget Office, the combination of regular wages with extremely generous benefits puts the total compensation of the federal government employees well ahead of their peers in the private sector. But that’s not all. Downsizing...
Read More »

Facebook Twitter Youtube RSS

Search MyGovCost