How does a city go bankrupt?

All it takes is a series of bad investment decisions:

• The city invested in new technology,
• at a too-good-to-be-true price,
• unproven at the scale they wanted,
• from an entrepreneur who was uncertain that he could deliver, and
• despite being unable to find insurance to cover the city in case the project didn't work. 
• To top it off, the one council member who voted against the project was not re-elected.

Next time you hear the words "investment" uttered by someone trying to justify increased government spending, think of Harrisburg.