You are here

Why Florida Should Not Receive a Pre-Funded Federal Bailout

Web Memo

Title

Why Florida Should Not Receive a Pre-Funded Federal Bailout

Full Document Available in PDF

Since early 2009, Florida state officials—both elected and appointed—have repeatedly called on the federal government to provide Florida with loan guarantees, lines of credit, and outright loans from the U.S. Treasury in order to help the state manage the risk of hurricanes, both before and after a major disaster. This short paper argues that Florida should not receive federal loans or loan guarantees and explains why.