Tag Archives: municipal-debt

Reason.tv: Is Harrisburg’s Nightmare America’s Future?

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The city of Harrisburg is Ground Zero for America’s municipal debt crisis. Pennsylvania’s capital city has liabilities estimated at $610 million, which is nearly 10 times its annual budget. The city is so deep in the red that last year it attempted to file for bankruptcy. Reckless spending did more than ruin Harrisburg’s balance sheet; Broadcasting platform : YouTube Source : Big Government Discovery Date : 16/02/2012 11:14 Number of articles : 3

Reason.tv: Is Harrisburg’s Nightmare America’s Future?