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Because what happens is, as the economy suffers, tax revenues go down. But unlike businesses, where at least your variable costs go down, in government your variable costs go up: unemployment insurance, workmen's compensation, health care benefits, welfare, you name it. ↗
Unlike most major American cities, Honolulu is geographically insulated from the rest of the country. When disaster strikes we cannot call on neighboring states for assistance. ↗
