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Playing Accounting Games with Social Security

Earlier this month, the Congressional Budget Office released its “Updated Budget Projections: 2015 to 2025.” From that release, the media has widely reported that the projected budget deficit for 2015 is $486 billion. A budget should tell us about the balance of revenue and expense within our government. This budget doesn’t. The Congressional Budget Office (CBO) portrays liabilities as assets, loans as income, and debt as nothing. The presentation of the government’s finances defies logic, and...

Mackinac Center Gets FOIA Charges Reduced from $1,550 to $50

In celebration of Sunshine Week (March 15-21), the Mackinac Center for Public Policy announces its victory in persuading the Michigan Liquor Control Commission to release public information at a more reasonable cost. After being sued by the Mackinac Center Legal Foundation, the MLCC removed the charges for paper copies that do not exist. On Nov. 7, 2014, Fiscal Policy Director Michael LaFaive requested data from the government agency in person while conducting research on “post and hold” rules...

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