Just saw this, this morning; “Mayor Bloomberg plans to announce a $127 million program today that changes how they interact with city government.
“More than half the funding is coming from two billionaires - the mayor himself, through his foundation, and philanthropist George Soros. They are putting up $30 million apiece.
“The remaining $67 million will come from taxpayers for what will be a program designed to break the pattern of poverty and incarceration that afflicts about 315,000 young minorities.”
SEE: http://www.nypost.com/p/news/local/mike_rx_for_minorities_lvXcyBep2igcFtlS1lQ3MI
OK, the program will cost an (ESTIMATED) $127 MILLION and Soros and Bloomberg will BOTH put up $30 MILLION, which adds up to $60 MILLION.
How, exactly, is $60 MILLION “more than half” of $127 MILLION?
How about “almost half?” Or even more accurately, “Approximately 45% of the ESTIMATED cost of the program.”
Because we all know the track record of such programs coming in “On time and under budget,” don’t we?
