30 October 2012 0 Comments

Harrisburg Debt Part 3 – School District Bankruptcy – Penn State Economics “Screw the Kids”

“The schools are facing unprecedented cuts as the district tries to close a massive budget deficit, while the city is running out of cash and could do so before the end of the year. A declining tax base contributes to the overall problem — between 2009 and 2012, the assessed value of property in the […]

29 October 2012 0 Comments

Harrisburg Debt Part 2 – City’s $1.5 Billion Dollar Debt – Debt Per Peson – Bankruptcy

Harrisburg’s Forgotten Taxpayer  is being crushed by the cities debt, however we must remember that it was the residents and voters of Harrisburg who got themselves into this mess. “At best estimates, based upon reviews of independent reports and audited financial statements, the amount of debt accrued by the city and its affiliated entities — […]

28 October 2012 0 Comments

Harrisburg Debt Part 1- The Most Indebted City in USA – $1.5 Billion Dollars – A “Governement of the People, By the People and For the People”

On the surface the city of Harrisburg does not appear to be in as much financial trouble as it actually is. The nighttime views, or a simple stroll through the streets belie the fiscal disaster that the City has become.  In my opinion, it is because voters failed to pay attention to what their government […]

20 March 2012 0 Comments

Harrisburg In Decline, Corporatism, the Incinerator Bonds and the Future of Democratic Cities – Act 79 of 2011

  The Incinerator Mayor Linda Thompson and former Mayor Stephen Reed Debt-ridden Harrisburg was outgunned at Capitol by top lobbyist for bond insurer Tuesday, Patriot-News December 20, 2011,   Is Harrisburg’s Nightmare America’s Future?    February 16, 2012     Jim Epstein (reason.com February 16, 2012 The city of Harrisburg is Ground Zero for America’s municipal debt crisis: […]