Author Archive: Craig Eyermann

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

When Will the U.S. National Debt Exceed $18 Trillion?


Tuesday November 25th, 2014   •   Posted by Craig Eyermann at 6:20am PST   •   1 Comment

Sometime in the next two to three weeks, the total public debt outstanding for the U.S. government will exceed 18 trillion dollars. If you were to ask us to pin down a precise date, we would say sometime around December 9, 2014, given the rate at which the national debt has been increasing during...
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Entitlements Squeezing Out Everything Else


Friday November 21st, 2014   •   Posted by Craig Eyermann at 6:50am PST   •   1 Comment

How much has government spending for things like Medicaid, Medicare, Social Security, Affordable Care Act subsidies, unemployment benefits, and other welfare programs grown since today’s Social Security recipients were born? The National Interest‘s Milton Ezrati has the numbers: These constraints are crystal clear in existing budget data. Entitlements have grown relentlessly over the decades,...
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How Generous Are Military Benefits?


Tuesday November 18th, 2014   •   Posted by Craig Eyermann at 7:02am PST   •   0 Comments

Tom Slear retired from the U.S. Army in 2001 after reaching the rank of lieutenant colonel in a career spanning 28 years, 23 as a reservist, where he specialized in logistics and never faced combat. He recently wrote an opinion piece in the Washington Post, in which he described veterans benefits as “too generous.”...
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The Federal Student Loan Racket


Friday November 14th, 2014   •   Posted by Craig Eyermann at 7:11am PST   •   0 Comments

Since 2008, roughly $1 out of every $10 new dollars borrowed by the U.S. government through the end of its 2014 fiscal year has gone to fund the Federal Direct Student Loan program, which lends the money borrowed by Uncle Sam to college students at over double the interest rate that the U.S. government...
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Veterans Triple Dip Disability Benefits


Tuesday November 11th, 2014   •   Posted by Craig Eyermann at 6:32am PST   •   0 Comments

It’s a shame, but this Veterans Day, we have to consider how broken the fiscal stewardship of the U.S. federal government has become by the way that approximately 60,000 disabled veterans have gamed the system to triple dip into government-provided benefits. One veteran on disability collected nearly $210,000 in benefits in 2013, while another...
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Uncle Sam Pays for Swedish Massage of New Zealand Rabbits


Saturday November 8th, 2014   •   Posted by Craig Eyermann at 10:41am PST   •   0 Comments

There’s a lot not to like about how much money the various agencies and departments of the U.S. federal government waste, but perhaps the most bizarre example from the 2014 Wastebook is the story of how the National Institute of Health (NIH) spent $387,000 over two years to provide Swedish massages to the feet...
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Voting to Borrow for the Children


Tuesday November 4th, 2014   •   Posted by Craig Eyermann at 5:22am PST   •   0 Comments

On Election Day 2014, many voters in California will likely see at least one of 118 local bond measures on their ballots, with local government entities seeking permission to borrow a collective total $12.6 billion dollars as they also increase local property taxes to pay back the money being borrowed over the term of...
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The Bureaucrats’ Secret Buying Spree


Saturday November 1st, 2014   •   Posted by Craig Eyermann at 1:42pm PST   •   0 Comments

Oh, to be a bureaucrat in the U.S. federal government! What other jobs pay just as much or more than similar work done in the private sector, but with much, much more generous benefits? Which would appear to be even more generous than we previously knew, thanks to the discovery of a surprising new...
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The Hidden Deficit


Tuesday October 28th, 2014   •   Posted by Craig Eyermann at 6:58am PST   •   1 Comment

In the U.S. government’s just-completed fiscal year for 2014, there is a very large discrepancy between the “official” size of the budget deficit, $483 billion, and the amount by which the U.S. national debt increased, $1,086 billion (or $1.086 trillion, if you prefer). We’ve been digging through the Monthly Treasury Statements issued by the...
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The 2014 Wastebook Is Here!


Thursday October 23rd, 2014   •   Posted by Craig Eyermann at 8:56am PST   •   0 Comments

It’s back! Senator Tom Coburn’s annual compendium of some of the zaniest ways that the U.S. federal government burns through all the money it taxes and borrows in the name of spending: the 2014 Wastebook! This year’s edition features over $25 billion worth of examples of bad decisions made by U.S. politicians and bureaucrats....
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