Comments on: $4.4 billion headache solved. How? Chronicle has no explanation https://calwatchdog.com/2013/10/07/4-4-billion-headache-solved-how-chronicle-has-no-explanation/ Wed, 25 Mar 2015 05:26:57 +0000 hourly 1 By: CJ Roses https://calwatchdog.com/2013/10/07/4-4-billion-headache-solved-how-chronicle-has-no-explanation/#comment-41354 Thu, 10 Oct 2013 17:46:05 +0000 http://calwatchdog.com/?p=50947#comment-41354 Thank you for posting this. I tweeted the same reaction to the reporter – the disappearing debt makes no sense and the SF ballot has been historically replete with falsehoods about employee benefit costs. It is how we got into this mess. Boggles the mind.

But who says the unfunded liability is only $4.4 billion? The Chron has been reporting this figure for three years. It is also a figure produced by the City which has an incentive to underreport the liability – does it not? “Let’s not alarm anybody.” Even if the calculation done by a third party, the City feeds the assumptions to make the calculation.

Please stay on the case.

Roses

]]> By: jimmydeeoc https://calwatchdog.com/2013/10/07/4-4-billion-headache-solved-how-chronicle-has-no-explanation/#comment-40403 Mon, 07 Oct 2013 19:32:28 +0000 http://calwatchdog.com/?p=50947#comment-40403 I’ve been 8itching about this for two decades. (Not that things were probably much different before that; I just wasn’t paying attenntion.)

But we shouldn’t be THAT surprised. After all, with a few exceptions (The Dog being one) reporters become reporters because to them, to use Barbie’s famous line, “Math is hard”.

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