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Still reeling from Helene, Florida braces for Hurricane Milton as it gains strength
(www.theguardian.com)
this post was submitted on 07 Oct 2024
161 points (98.8% liked)
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I wonder if this is the one that makes Florida go bankrupt.
Nah, democrats will bail them out as idiots like DeSantis come crawling back despite shooting down emergency relief for themselves and other states. At least the democrats do the right thing.
There are two different issues. The first is whether Democrats will support emergency spending for Florida, which it likely will.
The second is if the Federal Government will support Florida's home insurance lender of last resort, owned by the State of Florida, from going bankrupt and possibly taking the state's finances with it. That is very uncharted territory.