HARRISBURG PATRIOT-NEWS Op Ed: … I support an independent professional review of the pluses and minuses of the Lynch plan…
But the truth of the matter is that the plan envisions full repayment to the city’s major creditors without regard to their responsibility for creating a mountain of unsustainable public debt. And of course city residents will bear the brunt of the cost through higher taxes, higher parking fees and a declining quality of municipal life.
Indeed, I fear that much of the Lynch plan is based on the kind of phantom financing involving questionable assumptions amounting to wishful thinking) that got Harrisburg into the fiscal crisis in which it currently finds itself… (more)
