This could truly be any city or state run by Democrats, because the truth is they never seem to understand that there is a limit on money. There is, eventually, an end to the borrowing and a time for repaying and when that time arrives there are not enough citizens left to pay it back. They are literally thieves, stealing your children and their children’s future (I hate to be mean, but you let them get away with it – you are just as guilty), unless they move away, but because Democrats have destroyed the wealth of this entire Country, there is no longer any where else to move to; there is no escape from future tax increases to pay back the excesses of the past 5 decades of decadence otherwise called liberalism How The Hateful Democrats Destroyed A Fine City
Under seven-term Mayor Stephen Reed, who governed from 1982 to 2010, Harrisburg had a long love affair with borrowed money, using it to spur projects of dubious value. The city invested millions of dollars in a stadium in the late 1980s to attract a minor league baseball team. When the Harrisburg Senators threatened to leave in 1995, the city bought the team with borrowed money. In 2009, even as the fiscal clouds darkened, it sank another $45 million, including $18 million in new debt, into upgrading the stadium. The team was attracting 2,488 fans per game.
Then there are those historical artifacts. Mr. Reed, once described by a local newspaper as a man who “never met a municipal bond he didn’t like,” wanted to borrow to open a network of museums. He spent some $39 million on a National Civil War Museum that opened in 2001. It has struggled for years to attract crowds. Undeterred, the mayor borrowed some $8 million to buy artifacts—including a Gatling gun, a Wells Fargo coach and a document signed by Wyatt Earp—for a proposed Wild West museum, though most of the purchases were made without the knowledge and consent of the city council. Plans for a Wild West museum and a National Sports Hall of Fame, financed by a $30 million bond offering, mercifully fell through.
The Harrisburg Authority, a city agency controlled by the mayor, floated much of the city’s debt, including millions on an ill-fated incinerator. Built in the 1970s, it has been plagued by breakdowns and operating losses. Many other municipal governments, including nearby Lancaster County’s, have turned their incinerators over to private-sector operators. The Harrisburg Authority spent the 1990s investing millions in a fruitless effort to make the plant efficient and profitable. But default loomed by 2003—when the city was forced to close the incinerator, now saddled with $100 million in debt, because it did not comply with federal clean-air standards.
Next up? A massive retrofit engineered by Barlow Projects Inc., a firm from Fort Collins, Colo. Harrisburg and Dauphin County, where the city is located, agreed to guarantee $125 million in new borrowing that was supposed to be paid back by revenues from the reopened plant. The city’s debt load grew to $441 million, about $9,000 per resident.
Please go read the rest, there is pure insanity in what those Democrats thought they could do and did, with each and every dollar borrowed, never letting the populace know, now they have to pay it back. I hope the Governor takes Harrisburg over and makes the payments to the creditors right. The Democrats should not be allowed to walk away from paying those who serviced those debts, and thus destroying businesses who depend on those repayments. The Mayor should be brought up on fraud charges and put in jail, there is no doubt in my mind that the man is a criminal. If the laws in this land put these elected officials on the hook for their bad decisions there would be a lot less of them.