Author Archive: Craig Eyermann

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

The Three Most Interesting Numbers in President Trump’s First Budget


Saturday May 27th, 2017   •   Posted by Craig Eyermann at 2:11pm PDT   •   0 Comments

Before diving into the more interesting numbers contained within President Trump’s first official budget proposal, let’s ask a budget history trivia question: When was the last time that any U.S. President proposed a budget for the U.S. government that would be balanced at any time within the next 10 years of it being proposed?...
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President Trump’s “Fat” Budget Proposal Arrives


Tuesday May 23rd, 2017   •   Posted by Craig Eyermann at 5:43am PDT   •   0 Comments

It’s here! After months of anticipation following March release of President Trump’s “skinny” budget proposal (cover pictured on the right), the president’s “fat” budget proposal is being released today. Bloomberg summarizes the main features that define President Trump’s first full budget proposal. President Donald Trump would dramatically reduce the U.S. government’s role in society...
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Feds Take Defaulting Student Loan Borrowers to Court


Monday May 22nd, 2017   •   Posted by Craig Eyermann at 6:22am PDT   •   0 Comments

What happens to Americans who have taken out student loans from the U.S. government, but aren’t able to pay them back? Increasingly, the U.S. government is taking them to court to get its money back. National Public Radio’s Bobby Allyn reports on a relatively new policy that the U.S. Department of Education put into...
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Connecticut’s Collapsing Credit Rating


Thursday May 18th, 2017   •   Posted by Craig Eyermann at 6:09am PDT   •   0 Comments

The state of Connecticut’s fiscal outlook took a sharp turn for the worse this week. Following the state’s sharp plunge in income tax revenues earlier this month, which prompted the state to completely drain its rainy day fund and to modestly cut the state government’s budget, the state’s growing debt burden and pension liabilities...
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Who Owns the U.S. National Debt?


Monday May 15th, 2017   •   Posted by Craig Eyermann at 6:32am PDT   •   0 Comments

As of May 11, 2017, the total public debt outstanding of the U.S. government exceeds $19.8 trillion. Political Calculations provides a summary of the major interests to whom the U.S. owes all that money, as of the end of the U.S. government’s 2016 fiscal year on September 30, 2016, when the national debt total...
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The Frightening Ghost of Illinois Future


Thursday May 11th, 2017   •   Posted by Craig Eyermann at 6:22am PDT   •   0 Comments

When the U.S. territory of Puerto Rico filed for bankruptcy last week, we took the opportunity to identify the most likely candidates among U.S. states to follow the new legal precedents that are now being set by its example. The editorial board of a leading newspaper in one of those states, Illinois, argues that...
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Portraits of Public Bureaucrats


Monday May 8th, 2017   •   Posted by Craig Eyermann at 5:54am PDT   •   0 Comments

One of the little known perks of being appointed to head one of the major departments of the U.S. government is that you can have your official portrait painted to become an immortal part of the government’s growing collection of artwork. James Varney of RealClearInvestigations reports on the downside for U.S. taxpayers of that...
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U.S. Territory of Puerto Rico Files for Bankruptcy


Thursday May 4th, 2017   •   Posted by Craig Eyermann at 6:23am PDT   •   0 Comments

The U.S. territory of Puerto Rico is the oldest colony in the world. Part of the United States since 1898, the Caribbean island with a predominantly Spanish-speaking population of over 3.7 million has often been promoted as a candidate to become the nation’s 51st state. But May 3, 2017 marked the beginning of a...
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No Government Shutdown in FY 2017!


Monday May 1st, 2017   •   Posted by Craig Eyermann at 6:46am PDT   •   0 Comments

In case you missed it over the weekend, there’s big news from Washington D.C. regarding the U.S. government’s budget for the rest of its 2017 fiscal year – no federal government shutdown! Reuters reports: Negotiators in the U.S. Congress reached a deal late on Sunday on around $1 trillion in federal funding that would...
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University of California’s Secret Slush Funds


Thursday April 27th, 2017   •   Posted by Craig Eyermann at 8:22am PDT   •   0 Comments

University of California President Janet Napolitano, the former Secretary of the U.S. Department of Homeland Security and also the former governor of the state of Arizona, appears to have been caught by California state auditors with her hand in the proverbial public tax dollar cookie jar. Writing at Coyote Blog, Warren Meyer, who runs...
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