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.
More Quotes from Meg Whitman:
Sometimes it's a little bit like being a politician. We have work to do in understanding our users' sentiments.Meg Whitman
China is unique. It is growing rapidly, and it has a tremendous amount of potential, which is why we have made it a priority for the company.
Meg Whitman
We saw very strong growth across every part of our business, ... It's wonderful to see such strength in our two largest marketplaces, the U.S. and Germany.
Meg Whitman
These results demonstrate that our continued focus on expanding the eBay marketplace is accelerating the company's growth around the world.
Meg Whitman
We are excited about eBay's long-term vision, ... We intend to accomplish our long-term revenue objectives while maintaining profitability as a cornerstone of our strategy.
Meg Whitman
In the last quarter, which is typically one of our seasonally slower growth quarters, eBay added a record 2.9 million new registered users to our community ... no metric demonstrates eBay's success better than our current annualized run-rate of 5.4 billion in gross merchandise sales,
Meg Whitman
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Based on Topics: Business & Commerce Quotes, Government Quotes, Health Quotes, Tax Quotes, Unemployment QuotesBased on Keywords: variable, workmens
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