On the bright side of a gloomy economic picture, one might posit that the Sunshine State has been through ups and downs before and emerged with steady, sometimes robust revenue streams to support an array of public services.
In a state with sunshine, great beaches and a thriving agriculture industry, even the bursting of the housing bubble is a temporary setback, however painful the resulting reduction in state government revenues.
Eventually, solutions, imperfect as they may be, will be crafted to address the nation's credit crisis, and Florida's hobbled real-estate market will recover, when everything will return to ... what?
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