Downturn and debt swamp cities
 

Downturn and debt swamp cities

Harrisburg : PA : USA | Jun 20, 2010 at 7:38 PM PDT
Source: Washington Post
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This city has a $68 million bill coming due before year's end, an impossible sum that is larger than its annual budget. It's a predicament caused by extravagant borrowing and spending, and now there are only unpleasant fixes: steep tax increases, severe layoffs and crippling service cuts, even bankruptcy.... FULL ARTICLE AT Washington Post
 
 
 
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