Author Archive: Craig Eyermann

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

The Arch of U.S. Government Spending

Monday April 24th, 2017   •   Posted by Craig Eyermann at 6:28am PDT   •   0 Comments

One of the great difficulties of trying to describe the sheer amount of money that the U.S. government processes each year is that the numbers are so large that they lose all sense of human proportions. The Manhattan Institute’s Brian Riedl took on the challenge for the amount of money that the U.S. government...
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An Opportunity to Eliminate Unnecessary Federal Agencies

Thursday April 20th, 2017   •   Posted by Craig Eyermann at 6:18am PDT   •   0 Comments

The new White House director of the Office of Management and Budget (OMB), Mick Mulvaney, is looking for help to create a list of federal government agencies that can be either eliminated or have their budgets greatly reduced because they do things that have become unnecessary. Whether it’s because the agencies have obsolete missions...
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U.S. Government Sees Record Tax Revenues, Still Runs Huge Deficit

Monday April 17th, 2017   •   Posted by Craig Eyermann at 6:27am PDT   •   0 Comments

Tomorrow, April 18, 2017, is Tax Day in the United States, the date by which all Americans who earned income in 2016 must either file their income tax returns and send a payment to the IRS or file for an extension to file their income tax returns for 2016 later this year. It’s no...
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U.S. Territory of Puerto Rico Sliding Toward Bankruptcy?

Thursday April 13th, 2017   •   Posted by Craig Eyermann at 6:28am PDT   •   0 Comments

Nearly one year ago, the U.S. territory of Puerto Rico officially defaulted on its debts. In response to that default, and the looming threat even larger defaults the U.S. Congress passed an emergency debt relief bill to rescue the territorial government of Puerto Rico, which President Obama signed into law on June 30, 2016....
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The Time Cost of Regulation

Monday April 10th, 2017   •   Posted by Craig Eyermann at 6:19am PDT   •   0 Comments

The Mercatus Center’s RegData project has created a database of federal regulations and used it in some pretty interesting ways to describe their cost to both American businesses and regular Americans. One of those ways involved estimating how much time it would take to read through the entire Code of Federal Regulations at the...
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Dallas Mayor Rejects Taxpayer Bailout of Public Employee Pension Fund

Thursday April 6th, 2017   •   Posted by Craig Eyermann at 6:16am PDT   •   0 Comments

Since the middle of 2016, the city of Dallas has been dealing with a Texas-sized problem for one of its public employee pension funds. Specifically, the Dallas Police and Fire Pension System was so at risk of becoming insolvent that the city’s retired firefighters and police officers were effectively conducting a run on the...
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The VA’s $388,000 Parking Spaces

Monday April 3rd, 2017   •   Posted by Craig Eyermann at 6:29am PDT   •   0 Comments

Six years ago, the U.S. Department of Veterans Affairs Louis A. Johnson Medical Center in Clarksburg, West Virginia had a shortage of over 600 parking spaces, so federal officials began planning to put in a new parking garage at the facility. Six years later, all the VA had to show for all their planning...
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The New Long-Term Budget Outlook

Friday March 31st, 2017   •   Posted by Craig Eyermann at 6:32am PDT   •   0 Comments

The Congressional Budget Office released its 2017 Long-Term Budget Outlook this week, several months ahead of its usual schedule, which is typically published every July. The most interesting part of the new long-term budget outlook appears in the report’s appendix, where the CBO’s analysts illustrate how their new outlook for the publicly held portion...
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The Skyscrapers of National Debt

Wednesday March 29th, 2017   •   Posted by Craig Eyermann at 6:09am PDT   •   0 Comments

On March 23, 2017, the U.S. government’s total public debt outstanding added up to more than $19.86 trillion, or if you round up by another 0.014 trillion, we’re really talking about a national debt of 20 trillion dollars. That’s a big number, which for many people, is really tough to grasp just how big...
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The Opportunity Costs of California’s Bullet Train

Monday March 27th, 2017   •   Posted by Craig Eyermann at 6:03am PDT   •   0 Comments

According to the latest estimates, it will cost Californians upwards of $64 billion to build the bullet train envisioned by Governor Jerry Brown and the state’s legislature. That’s money that they don’t have today, but if they did, that’s also a lot of money that could be put to work to do more things...
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