Author Archive: Craig Eyermann

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

CBO: Excessive Spending Drives Deficits


Monday April 16th, 2018   •   Posted by Craig Eyermann at 6:47am PST   •   0 Comments

Last week, the Congressional Budget Office released its annual 10-year projection for the U.S. government’s budget and economic outlook. What makes this year’s outlook stand out from previous editions is that the CBO’s analysts have taken the effects of the significant tax cuts and spending increases that have recently passed into law into its...
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A Just-For-Show Balanced Budget Amendment Vote


Wednesday April 11th, 2018   •   Posted by Craig Eyermann at 6:59am PST   •   0 Comments

Three weeks ago, the U.S. House of Representatives voted to pass a bipartisan $1.3 billion spending bill that, because it eliminated the spending caps imposed by the Budget Control Act of 2011, guarantees the return of the kind of annual trillion dollar budget deficits that characterized much of President Obama’s tenure in office. Perhaps...
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China’s “Nuclear Option” For Its U.S. Debt Holdings?


Monday April 9th, 2018   •   Posted by Craig Eyermann at 6:11am PST   •   0 Comments

A trade war between the U.S. and China has ramped up in recent weeks, with both nations proposing new tariffs on the goods that each imports from the other in a series of tit-for-tat announcements. The Reuters news service however has been exploring a scenario where China’s role as a major creditor to the...
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Fiscally Troubled Connecticut Bails Out Nearly Bankrupt State Capital


Thursday April 5th, 2018   •   Posted by Craig Eyermann at 7:36am PST   •   0 Comments

The nearly bankrupt city of Hartford, the state capital of Connecticut, was bailed out by the fiscally troubled state government of Connecticut last week. Jenna Carlesso of the Hartford Courant describes the city’s bailout package that will avoid the city having to officially declare bankruptcy: The state‚Äôs bailout for Hartford has cleared its final...
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Reform Coming to the VA, Whether It Wants This or Not


Monday April 2nd, 2018   •   Posted by Craig Eyermann at 6:45am PST   •   0 Comments

New scandals continue to erupt at the troubled U.S. Department of Veterans Affairs on a regular basis, where in the latest gyration, David Shulkin, the head of the VA who had promised to implement serious reforms to improve the accountability of the department’s supervisors and staff, has now been shown the exit door. President...
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Medicaid and Bureaucrat Pensions Creating Budget Crisis for States


Thursday March 29th, 2018   •   Posted by Craig Eyermann at 6:46am PST   •   0 Comments

It is getting to be crunch time for state legislators looking to establish the budgets for their state governments across the U.S. With most states following a fiscal year that starts on July 1 and runs through June 30 of the following year, the clock is ticking down for determining how each will spend...
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Inside President Trump’s FY 2018 Spending Bill


Monday March 26th, 2018   •   Posted by Craig Eyermann at 6:29am PST   •   0 Comments

Shortly after 1:00 PM on Friday, March 23, 2018, President Trump signed the U.S. Congress’ omnibus discretionary spending bill, which authorizes the various departments and agencies that make up the U.S. government to spend $1.309 trillion through the end of its current 2018 fiscal year on September 30, 2018. The chart below shows where...
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A Bigger, Badder and Uglier Budget


Thursday March 22nd, 2018   •   Posted by Craig Eyermann at 6:34am PST   •   0 Comments

It was only a matter of time after the Bipartisan Budget Act of 2017 became law, but now, lawmakers on Capitol Hill are set to fully commit to a bipartisan budget for the U.S. government that, if anything, adds to what MyGovCost has previously described as President Trump’s “really ugly” budget proposal. The Associated...
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The U.S. Government’s Spending Problem


Monday March 19th, 2018   •   Posted by Craig Eyermann at 7:00am PST   •   0 Comments

The U.S. government’s total public debt outstanding now exceeds $21 trillion, having crossed that milestone just one week after MyGovCost marked the occasion of $1 trillion having been added to the national debt under President Trump. What might surprise you however is that this has happened even as the U.S. government has collected more...
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President Trump’s First Trillion


Monday March 12th, 2018   •   Posted by Craig Eyermann at 6:40am PST   •   1 Comment

It’s official. In the time since he was sworn into office on January 20, 2017 through Thursday, March 8, 2018, the U.S. government has managed to rack up another trillion in national debt under President Trump. If there’s a silver lining to be found in this state of affairs, it is perhaps that President...
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