Author Archive: Craig Eyermann

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

The Government


Tuesday December 16th, 2014   •   Posted by Craig Eyermann at 9:01am PST   •   0 Comments

What do the people who work for the government really do? Last year, we featured the first of three fun videos put together by BankruptingAmerica, which was inspired by the television comedy The Office. Set in the Department of Every Bureaucratic Transaction (or D.E.B.T.), the videos provide a funny take on how the government’s...
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Spending Money Like Uncle Sam


Saturday December 13th, 2014   •   Posted by Craig Eyermann at 9:12am PST   •   0 Comments

We’re always on the watch for neat and visual ways to describe the U.S. federal government’s spending and debt problems, which is why we were really impressed by the work that the Heritage Foundation’s Romina Boccia, John Fleming, and Spencer Woody put together to visualize just how much money is involved in human terms....
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Rising Interest Rates and the National Debt


Thursday December 11th, 2014   •   Posted by Craig Eyermann at 4:57am PST   •   0 Comments

Next week, the Federal Reserve is expected to send a clear signal that it will end its policy of holding short-term U.S. interest rates low sooner rather than later. Here’s coverage from the Wall Street Journal: Federal Reserve officials are seriously considering an important shift in tone at their policy meeting next week: dropping...
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U.S. Postal Service Delivers Useless Smartphone App


Saturday December 6th, 2014   •   Posted by Craig Eyermann at 1:17pm PST   •   0 Comments

The U.S. Postal Service has been in increasingly severe fiscal trouble for years. With Americans increasingly turning to electronic communication services, and despite postage prices that have risen at double the rate of inflation since the end of World War I, the U.S. Postal Service (USPS) is increasingly finding it difficult to remain financially...
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Uncle Sam Couldn’t Wait


Tuesday December 2nd, 2014   •   Posted by Craig Eyermann at 6:37am PST   •   0 Comments

We had projected that it would be around December 9 when the total public debt outstanding of the U.S. government would reach $18 trillion. We were wrong. It reached that number eight days early. ZeroHedge marks the infamous occasion: Last week, total US debt was a meager $17,963,753,617,957.26. Two days later, as updated today,...
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Debt Death Spiral Watch


Saturday November 29th, 2014   •   Posted by Craig Eyermann at 11:05am PST   •   0 Comments

CNSNews’ Terence Jeffrey just happened to read the Daily Treasury Statement released by the U.S. Treasury Department on the day before Thanksgiving. Here’s what he found (we’ve added the notes in parentheses to make the very large numbers easier to express): The Daily Treasury Statement that was released Wednesday afternoon as Americans were preparing...
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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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