Perhaps in referring to California having a $28 billion deficit, Fox News was talking about the state government's unfunded pension liabilities. Technically this should be described as a *projected* deficit to avoid implying it is a current deficit, but isn't that also technically true for the $1.9 billion deficit to which Gil Duran refers? Administrations tend to use overly optimistic projections, and I wouldn't be surprised if, when the time comes to pass, the actual numbers are higher.




























