Cities turn to beleaguered states to ease debts

Individuals, cities, States are all in trouble across America. America would be in trouble do if it was unable to use devaluation (the printing press) to bail itself and everyone out.

Harrisburg is calling on the state again. On Friday, the city said it could not meet its next payroll without money from the state’s distressed cities program.

“It’s like throwing you a life preserver but never pulling you into the boat,” said Daniel Miller, a certified public accountant and the city controller in Harrisburg. He says he believes that the city might be better off in federal bankruptcy court.

Sourc: msnbc.msn.com

From Bob