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Is Harrisburg's Nightmare America's Future?

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 ten 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; it crowded out private industry and distracted from the city's core functions. Today, Harrisburg is a dangerous, poverty-stricken city, with failing schools and a shrinking population.

Harrisburg's fiscal nightmare may be a harbinger of things to come for American cities. In the mid-90s, local governments embarked on a spending binge, bringing total municipal debt in the United States to more than $2.8 trillion. Along with Harrisburg, Jefferson County, Alabama, Vallejo, California, and Central Falls, Rhode Island have filed for bankruptcy in the past fe

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Added: Feb-16-2012 
By: mdscorpio71
In:
Other News, Politics
Tags: Reason, Harrisburg, Debt, Reckless Spending
Views: 1652 | Comments: 59 | Votes: 1 | Favorites: 2 | Shared: 1 | Updates: 0 | Times used in channels: 2
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  • Just Democrats being Democrats. People deserve the Government they get.

    Posted Feb-16-2012 By 

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  • Unfortunately we have same problems across all cities and towns. In my suburban city property tax nearly doubled since 2007. Every six moth, they sneak in tax levies in special elections that only interested parties vote for. Most recent one is 30 million highway overpass/exit project that will serve a private land developer whom has purchased huge chunks of land.

    Although they publicly promise more bushiness and jobs, all they are doing are giving out 20 year tax abatement to the large corpor More..

    Posted Feb-16-2012 By 

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  • Harrisburg has always been a shit hole this is nothing new. I used to work for a construction company who worked a lot inside Harrisburg. The part of the video where he says about how dangerous the city is was no joke. I've seen some fucked up things happen in the city while working. This is a perfect example of what incompetent morons can do in positions of power.

    Posted Feb-16-2012 By 

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  • This is what you get when socialists run amuck.

    Posted Feb-16-2012 By 

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  • I sure the local press did nothing but praise the mayor at the time. Im sure they said look how much he cares about the people. And Im sure they never said hey how are we going to pay for this.

    Well now look at it.

    Posted Feb-16-2012 By 

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  • Well at least the capital building is looking nice and clean...

    Posted Feb-16-2012 By 

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    • Comment of user 'Momus' has been deleted by author (after account deletion)!
  • spiderman at 2:42

    Posted Feb-16-2012 By 

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  • Harrisburg? Look at Detroit. Much bigger problem in a much bigger city.

    Posted Feb-16-2012 By 

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  • Sad stuff. How did these politicians get away with their recklessness without anyone noticing?

    Posted Feb-16-2012 By 

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    • @mlivsey

      People notice and speak out, but big money and special interests help these asshole get elected. People need to stop being lazy and start voting these assholes OUT.

      Posted Feb-16-2012 By 

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  • Out-sourcing jobs, out-sourcing manufacturing, waste, and over-spending is to blame.

    Posted Feb-16-2012 By 

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  • This is what you get for voting for democrats!!!!

    Posted Feb-16-2012 By 

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  • Comment of user 'downhill2400' has been deleted by author (after account deletion)!
  • I think we are witnessing the last stages of an economic cycle. The economic model we've always known is winding down and will soon be finished. When the new model will be started, I don't know but this model is dead.

    Posted Feb-16-2012 By 

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  • Comment of user 'Steve15425' has been deleted by author (after account deletion)!
  • Yaaay Harrisburg!

    Posted Feb-16-2012 By 

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  • Good mini doc Jim Epstien.

    Posted Feb-16-2012 By 

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  • Isn't there an opportunity for tearing down some derelict houses and converting the land to agriculture (organic)? This would create jobe and feed the people, or maybe is the idea too darn simple it ain't sexy enough?

    Posted Feb-16-2012 By 

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