Re: A CLOCKWORK BUBBLE

City Council President Garcetti writes from his Blackberry, correcting 4LAKids’ mis / over / or under-understanding of the City of LA Budget:

“One fact that is off: we (The City of LA) are not another 300 million in deficit. The 100 million was merely the portion for the majority of civilians but our many deliberations for our budget closed the deficit, then receipts were down about 75 million.

“Now we are in balance with an extra 20 million for our reserve.”

●●smf’s 2¢:  Thank you Eric. I am as guilty of this as anyone else who works with government and the taxpayer’s money …but the use of the adverb “merely” to modify “$100 million” gives me pause.