Because what happens is, as the economy suffers,... - Meg Whitman Quotes
Margaret Cushing "Meg" Whitman is an American business executive. She is the chairman, president and chief executive officer of Hewlett-Packard. A native of Long Island, New York, she is a graduate of Princeton University and Harvard Business School. Whitman served as an executive in The Walt Disney Company where she was vice president of strategic planning throughout the 1980s. In the 1990s, she served as an executive for DreamWorks, Procter & Gamble, and Hasbro. Whitman served as president and chief executive officer of eBay from 1998 to 2008. During her 10 years with the company, she oversaw its expansion from 30 employees and $4 million in annual revenue to more than 15,000 employees and $8 billion in annual revenue. In 2014, Whitman was named 20th in Forbes list of the 100 most powerful women in the world.
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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.
