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Old 10-12-2011, 08:19 AM
 
Location: Downtown Harrisburg
1,434 posts, read 3,784,498 times
Reputation: 1016

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Article here:

Harrisburg City Council votes 4-3 in favor of Chapter 9 municipal bankruptcy protection | PennLive.com

I'm against the state takeover / bailout of Harrisburg for many reasons. Perhaps the most concerning is that this private insurance company -- Assured Guaranty Municipal Corporation -- is one of the biggest pushers for the takeover. AGM made a high-risk investment, knowing full well the potential outcomes of such tactics. Now that they might lose, they're pushing the governor and legislature to step in.

The state government is putting the good of a corporation over the good of the people.

If I invest in a high-risk company and get wiped out, I'm told that I need to "deal with it" and "take some personal responsibility".

But when a corporation makes a high-risk investment and gets wiped out, we're told that "it's not their fault" and that we need to bail them out.
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Old 10-12-2011, 10:38 AM
 
Location: Lehighton/Jim Thorpe area
2,095 posts, read 2,962,151 times
Reputation: 1704
Quote:
Originally Posted by DowntownHarrisburg View Post



The state government is putting the good of a corporation over the good of the people.
Does this really shock you given who is currently residing in the Governor's Mansion?
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Old 10-12-2011, 11:40 AM
 
Location: Downtown Harrisburg
1,434 posts, read 3,784,498 times
Reputation: 1016
Quote:
Originally Posted by MatildaLoo View Post
Does this really shock you given who is currently residing in the Governor's Mansion?
Absolutely not. I am disappointed that people will fervently put the welfare of corporations ahead of the welfare of people, but not shocked.
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Old 10-21-2011, 02:21 PM
 
4,273 posts, read 11,142,228 times
Reputation: 3898
Check this out, LT (and more) on Al Jazeera!

Pennsylvanian city close to broke - Americas - Al Jazeera English
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Old 10-29-2011, 10:08 AM
 
3 posts, read 2,977 times
Reputation: 10
This is what happens when you put well educamakated political people in office... They know how to abuse powers and have learned from their prior offices how to properly diminish taxpayers’ funds. The ones that have been around awhile(Presidents/Governors who have 3-5 two million dollar ranches with their 50-200k year salaries) have even learned the launder it away with my buddies cousins wife’s business so they can get it 75% of funds back into their pockets.
We have tried it the rich people’s way long enough, put a farmer/construction worker/waitress/gas station attendant or any other person who hasn’t been corrupted/schooled and knows how it is to live pay check to pay check! Let some woman who is a single mother working two jobs that shops with coupons hoping she'll have enough money left for gas to get back and forth to her job!
Once the corruption is allowed to enter , only way to remove it is get rid of everyone, this way there isn’t a buddy of a buddy of a buddy left in office who still has say....Politics is now like a vine weed. In order to get rid of it you have to clean house. No left overs and no chance of them getting the power back either! Once removed they don’t return to any way to a government office. If they can raise millions of dollars to waste on their election campaigns, then they are corrupt controlled candidates! Take those funds and pay welfare system so those crybaby tax payers don’t! This is why the power has been taken from the people; they see “the people” as a mark.
I say either take the power back or shut the duck up! If you’re not ready to clean house then stop crying about it. Putting someone who accepts large amounts of donations for campaigning in office to begin isn’t going to change a thing. If anything it adds yet another corrupt person who sides with million dollar companies instead of public safety, has the say on what laws are passed through bribes and spends your tax dollars however they see fit.
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Old 04-21-2013, 06:21 PM
 
Location: Alexandria, VA
14,462 posts, read 25,490,182 times
Reputation: 24775
Is Harrisburg still in bankruptcy? (if they filed?) - haven't read any updates.
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Old 04-23-2013, 08:49 PM
 
Location: North by Northwest
8,918 posts, read 11,996,158 times
Reputation: 5815
Quote:
Originally Posted by ki0eh View Post
Check this out, LT (and more) on Al Jazeera!

Pennsylvanian city close to broke - Americas - Al Jazeera English
If there's one place I like to get my Pennsylvania news, it's Al Jazeera!

(I know the post is from two years ago, but since the thread got bumped anyway I couldn't resist replying).

In any event, I wonder if Harrisburg is starting to turn a corner. I recently visited for the first time since 2008 and the city seemed to have a lot more going on than it did five years ago.
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