I was going to wait awhile to comment on the glorious destruction of Disney’s self governing privileges today but I decided to comment anyway. I have seen even from Ben Domenech on the right that somehow this will result in the citizens of Osceola and Orange counties absorbing $2 billion of Disney bond debt and my immediate thought was that is total bs and then I saw one the Florida legislators say the same thing.

Apparently Disney has issued bonds in their government and now somehow the citizens are going to become on the hook. I don’t believe that’s true, and btw there is a year to transition and all this will be worked out. Disney issued bonds to finance expansion and they are still on the hook for these bonds and shouldn’t be able to force them on to other people. I believe Disney stepped in shit and they won’t be able to pass it on to anyone else.