Interesting article in City Journal detailing why the city of Harrisburg is essentially bankrupt, and needed the state to step in to pay some of its debt payments lest it default on some of its bonds. Thanks to credit and dubious spending, the city is in big trouble. How did the mayor keep getting re-elected to serve for 28 years(!) while piling up debt upon debt with his expensive and risky ideas.
HT: John Fea