HARRISBURG, PA — SEEKS BANKRUPTCY! Is America Next in Line?
Uploaded on Oct 12, 2011 / 1 view / 1 impression / 0 comments
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HARRISBURG PA — SEEKS BANKRUPTCY! Is America Next in Line?
It’s not difficult to believe that Harrisburg Pennsylvania is filing for bankruptcy with overwhelming debt of almost half $1 billion. It shows once again that politicians have no...
HARRISBURG PA — SEEKS BANKRUPTCY! Is America Next in Line?
It’s not difficult to believe that Harrisburg Pennsylvania is filing for bankruptcy with overwhelming debt of almost half $1 billion. It shows once again that politicians have no clue when it comes to spending money particularly when it’s someone else’s money.
The question we must all ask ourselves is what’s next? In our home state of Maryland we have $20 billion unfunded liability for entitlements. I’m sure it’s the same across the country. We have had reckless politicians spending too much money and not being held responsible for when things go wrong. It was interesting to see what was happening in the Ukraine where they’re jailing their former prime minister Yulia Tymoshenko to a seven year jail term for abuse of power during term as prime minister.
Just imagine how that would play out in other countries including the United States. It certainly would make politicians think before committing and spending money that we don’t have. At the moment no one is held responsible.
It also looks like the politicians in the Euro Zone have kicked the can down the road. This just moves the financial disaster to future generations. No one politician wants to assume responsibility for the incredible amount of future debt they are creating.
