"The state’s outstanding general obligation bond debt is roughly $6 billion right now..."

" The debt service is roughly $700 million annually..."

Hawaii pays 11.67% interest on its debt at a time when interest rates are at record lows?  Other similarly situated states are paying less than a third of that rate.

Something simply does not add up.  It is no wonder that Wes Machida is no longer employed at the state pension system.