GoFuckYourself.com - Adult Webmaster Forum - View Single Post - Pennsylvania state capital declares bankruptcy

porno jew · 10-12-2011, 08:31 PM

The city -- whose finances have been ravaged by the costs of upgrading a once-mothballed trash incinerator -- filed late Tuesday to seek protection from creditors. The city reportedly owes around $310 million.

Some economists had warned of a looming spate of municipal bankruptcies this year as tax and property revenues fell with the economic downturn and the federal government's $787 billion stimulus package faded.

In the end Harrisburg's efforts to avoid being the first in that chain of dominos appears to have been hampered by politics as much as debt levels.

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10-12-2011, 08:31 PM
porno jew Too lazy to set a custom title Industry Role: Join Date: Nov 2006 Posts: 10,166	Pennsylvania state capital declares bankruptcy The city -- whose finances have been ravaged by the costs of upgrading a once-mothballed trash incinerator -- filed late Tuesday to seek protection from creditors. The city reportedly owes around $310 million. Some economists had warned of a looming spate of municipal bankruptcies this year as tax and property revenues fell with the economic downturn and the federal government's $787 billion stimulus package faded. In the end Harrisburg's efforts to avoid being the first in that chain of dominos appears to have been hampered by politics as much as debt levels. http://www.google.com/hostednews/afp...a5ec101a16.1d1 adapt or die.