HOUSE_OVERSIGHT_020883.jpg
Extraction Summary
Document Information
This document consists of two slides (pages 83 and 84) from a KPCB presentation titled 'USA Inc. | Income Statement Drilldown.' The slides analyze US government entitlement spending, treating the nation as a corporation ('USA Inc.'). It highlights the difference between 'unfunded liabilities' and debt, noting that while laws can change, liabilities have historically increased. The second slide presents a chart showing the annual real net income of Social Security, Medicare, and Medicaid from 1940 to 2009, emphasizing a $5.6 trillion underfunding in healthcare entitlements. The Bates stamp 'HOUSE_OVERSIGHT_020883' indicates this document was part of evidence reviewed by the House Oversight Committee, likely in relation to investigations involving financial institutions connected to Jeffrey Epstein.
Organizations (7)
| Name | Type | Context |
|---|---|---|
| KPCB |
Kleiner Perkins Caufield & Byers, investment firm producing the report
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| USA Inc. |
Metaphorical corporate entity representing the US Government for financial analysis
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| Congress |
Mentioned regarding ability to change laws behind future promises
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| Social Security Administration |
Source of data for the chart
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| White House OMB |
Office of Management and Budget, source of GDP price index data
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| BEA |
Bureau of Economic Analysis, source of data
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| House Oversight Committee |
Implied by the Bates stamp 'HOUSE_OVERSIGHT'
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Locations (1)
| Location | Context |
|---|---|
Key Quotes (4)
"Unless they are reduced, USA Inc.’s financial liabilities... represent significant claims on USA Inc.’s future economic resources."Source
"Medicare/Medicaid Are Underfunded by $5.6 Trillion Since Inception in 1965"Source
"Congress can change the laws that are behind those future promises."Source
"Social Security Funding Has Worked, So Far"Source
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