Author Archive: Craig Eyermann

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

Ten, Twenty, Two Hundred Five


Monday April 14th, 2014   •   Posted by Craig Eyermann at 7:00pm PDT   •   0 Comments

With the launch of the MyGovCost iPhone app, it’s a good time to consider the trends in government spending that generated the concerns that motivated its creation, by looking at just three numbers: Ten Over the last 10 years, the total public debt outstanding of the U.S. federal government has increased by ten trillion...
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Visualizing 2015′s Federal Budget Proposals


Sunday April 13th, 2014   •   Posted by Craig Eyermann at 2:57pm PDT   •   0 Comments

The National Taxpayer’s Union has summarized each of the major budget proposals for the U.S. federal government’s 2015 fiscal year. We threw together the following chart to make for a quick visual comparison of each: As you can see, each of the budget proposals increase total spending over FY2014′s baseline level. Each of the...
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Confusing Deficits with Surpluses and Train Wrecks


Thursday April 10th, 2014   •   Posted by Craig Eyermann at 6:25am PDT   •   0 Comments

When politicians start confusing deficits for “surpluses”, can a train wreck be far behind? Before we go any further, for the sake of avoiding any confusion, let’s define exactly what a deficit is. A deficit is the amount by which cash expenses exceed cash income or revenue. That makes a deficit the exact opposite...
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The Cost of Obamacare’s Regulations


Tuesday April 8th, 2014   •   Posted by Craig Eyermann at 6:37am PDT   •   0 Comments

What happens to the price of a product for consumers when the government imposes new regulatory burdens and taxes on those who provide it? If the product is health insurance, where new regulatory burdens have been imposed by the Affordable Care Act (a.k.a. “Obamacare”), the answer is that the cost to consumers rises substantially....
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Rolling Over Taxpayers


Friday April 4th, 2014   •   Posted by Craig Eyermann at 8:43am PDT   •   0 Comments

If you have an Individual Retirement Account (IRA), and particularly if you have more than one IRA, you need to be aware that a recent U.S. Tax Court decision has opened the door to allow the IRS to nail you for taxes if you attempt to rollover money from more than one of your...
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U.S. Embassy Solicits Fiberglass Camel


Tuesday April 1st, 2014   •   Posted by Craig Eyermann at 6:53am PDT   •   1 Comment

Before we go any farther, no, this isn’t an April Fool’s Day joke.... And while we’re at it, no, we’re not making this up. This really is a real life example of your tax dollars at work: The State Department wants to plunk down $400,000 in taxpayer money for a camel sculpture at the...
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Broken Trust


Tuesday March 25th, 2014   •   Posted by Craig Eyermann at 6:30am PDT   •   0 Comments

Nate Silver is perhaps best known for being one of the most accurate election forecasters in the U.S., where he has applied statistical methods originally developed to analyze sports to determining the most likely outcome of elections. Previously hosted by the New York Times, Silver has recently relaunched his FiveThirtyEight blog with ESPN, where...
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Soaring Debts at Public Universities


Sunday March 23rd, 2014   •   Posted by Craig Eyermann at 6:00pm PDT   •   0 Comments

Normally, whenever the subject of universities and debt comes up, the topic is student loans, which as we’ve previously discussed, have skyrocketed in recent years. But that problem with debt might not be limited to just students. Forbes‘ Josh Freedman writes about a unique change in the rankings for the University of California (UC):...
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The Fed Weighs In


Thursday March 20th, 2014   •   Posted by Craig Eyermann at 6:00am PDT   •   0 Comments

Since it began its various quantitative easing programs several years ago, the U.S. Federal Reserve has become one of the largest creditors to the United States federal government, funding around half of the massive amount of debt issued by the U.S. Treasury to sustain government spending at greatly elevated levels since 2009. Having become...
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Bureaucrat Benefits Twice Bankrupt City


Sunday March 16th, 2014   •   Posted by Craig Eyermann at 8:41am PDT   •   0 Comments

Vallejo, California is a small city of over 115,000 people located on San Pablo Bay at the north end of the San Francisco metropolitan area, with a long history of providing lavish benefits for elected officials and government employees. So lavish, in fact, that the city was forced to file for bankruptcy back on...
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