HOUSE_OVERSIGHT_020879.jpg
2.68 MB
Extraction Summary
2
People
6
Organizations
1
Locations
1
Events
2
Relationships
3
Quotes
Document Information
Type:
Presentation slides / financial analysis
File Size:
2.68 MB
Summary
This document contains two slides from a KPCB presentation analyzing US entitlement spending and trust funds. The first slide presents a financial table detailing entitlement revenue and expenses from 1995 to 2010, highlighting a 169% increase in expenses versus a 70% increase in funding. The second slide discusses the nature of Social Security and Medicare Part A Trust Funds, arguing they hold legal value but lack economic value as the funds are invested in non-marketable securities and have already been spent to reduce past borrowing needs.
People (2)
| Name | Role | Context |
|---|---|---|
| Peter Dimond | ||
| Peter Orszag |
Organizations (6)
Timeline (1 events)
Net withdrawal from Trust Funds (likely in 2017E)
Locations (1)
| Location | Context |
|---|---|
Relationships (2)
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Key Quotes (3)
"Entitlement Spending: Expenses Up 169% Over Past 15 Years, While Dedicated Funding Up Only 70%"Source
HOUSE_OVERSIGHT_020879.jpg
Quote #1
"We think that these Trust Fund balances have NO economic value as these cumulative surpluses have been spent by USA Inc. to reduce the borrowing need in the past."Source
HOUSE_OVERSIGHT_020879.jpg
Quote #2
"Consequently, we exclude Social Security and Medicare Trust Funds’ balances and interest income from our financial models"Source
HOUSE_OVERSIGHT_020879.jpg
Quote #3
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