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Harrisburg, PA to Run Out of Money in October as Labyrinth of Fraud Exposed, by

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Congratulations to Harrisburg, the capital of Pennsylvania, for having the highest per capita debt of any city in the country. The town's 50,000 citizens are on the hook for $1.5 billion according to the NPR article Inside America's Most Indebted City. $1.5 Billion Does Not Include Schools, Pensions, Unfunded Liabilities. It's almost impossible to say exactly how much money the elected and appointed officials of Harrisburg have borrowed.
Missing financial audits, complicated transactions and intertwining finances create a labyrinth of money that stretches decades into Harrisburg's history. Whenever you see stories like this, you can bet your last dime that massive amounts of fraud are in play. "Illegal conduct occurred," Bill Cluck, who serves on the board that runs Harrisburg's incinerator, told me.

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At globaleconomicanalysis.blogspot.com

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