Posts by Craig Eyermann
Craig Eyermann is a Research Fellow at the Independent Institute and the creator of the Government Cost Calculator at MyGovCost.org.
“Dire Consequences” for Most Americans from $3.5T Infrastructure Bill


Stanley Druckenmiller is one of the most influential investors in America today. He became a billionaire himself by making billions more for his clients as a fund manager. At the time he chose to close his asset management firm Duquesne Capital in 2010, after more than 30 years of investing other people’s money, it...
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Biden Spending a “Sugar High” Bust for Growing Economy


President Joe Biden wants to increase government spending by a lot, but will that spending grow the economy by a lot? A surprising source says it won’t. None other than President Joe Biden himself makes that claim in the economic assumptions of his budget proposal for Fiscal Year 2022. Here’s the economic growth President...
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An Ocean of Red Ink as Far as the Eye Can See


Visual Capitalist has created an interactive visualization of the publicly-held portion of the U.S. government’s public debt. It covers 150 years, combining historic data from 1900 through 2020 with CBO projections for the next 30 years. You’ll need to follow the link above to take advantage of the interactivity, but here’s the big picture...
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“Amtrak Joe” Tries to Resuscitate California’s Zombie Bullet Train


President Joe Biden is well known for having a choo choo fetish. It’s little surprise he wants to expand the already heavily subsidized Amtrak passenger rail service. If he’s successful, today’s toddlers will come to know why their grandparents came to reject the inconvenience of commuting between cities by rail. Aside from the unique...
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Pandemic Unemployment Fraud Tops $400 Billion


In early 2020, state governments across the country reacted to the arrival of the coronavirus epidemic by imposing lockdowns. By forcing businesses to close and ordering residents to stay at home, their aim was to “flatten the curve” and limit the spread of Covid infections. It was supposed to be for just 15 days,...
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The Biden Budget: Pandemic Spending That Never Ends


President Biden released his first budget proposal on Friday, May 28, 2021. Just ahead of the Memorial Day Holiday weekend. That wasn’t a mistake. The timing is part of a well-established practice by politicians called a Friday news dump. If they know the news is bad for them, they dump it on Friday, when...
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A Black Hole in California’s Fiscal Management


Does $320 billion sound like a lot of money to spend? If you answer yes, would you agree it is a good idea to have some way of keeping track of how and where you spent that money? All the way down to the penny? Now, what if that was your job? What would...
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Reality Check Ahead on Deficit Spending


George Orwell has a famous insight from his 1945 work Notes on Nationalism. “One has to belong to the intelligentsia to believe things like that: no ordinary man could be such a fool.” Most people run into this insight in a paraphrased form. “There are some ideas so absurd that only an intellectual could...
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Fed Chief Says U.S. on Unsustainable Fiscal Path


Do the U.S. national debt and the government’s budget deficits matter? If you listen to the economists shaping the Biden administration’s policy agenda, they say they do not. Their basic argument is that with interest rates so low, the government can borrow as much as politicians want to spend. They think they never have...
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Who Is Paying for President Biden’s Spending?


When President Joe Biden was sworn into office on January 20, 2021, the U.S. government’s total public debt outstanding stood at $20,751.9 billion. The chart below shows who Uncle Sam borrowed all that money from on that date:
  • Catalyst
  • MyGovCost.org
  • FDAReview.org
  • OnPower.org
  • elindependent.org