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2.38 MB
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Document Information
Type:
Presentation slides / financial analysis report
File Size:
2.38 MB
Summary
Two slides from a KPCB presentation titled 'USA Inc.' analyzing US entitlement spending. The first slide quotes the CBO (2004) arguing that trust funds are accounting devices that do not provide real resources for future commitments. The second slide contrasts programs that financially 'break-even' (Social Security, Unemployment Insurance) against those operating at significant losses (Medicaid, Medicare), providing specific deficit figures up to the year 2010. The document bears a House Oversight Bates stamp.
Organizations (7)
Locations (1)
| Location | Context |
|---|---|
Key Quotes (3)
"Trust funds can be useful mechanisms for monitoring the balance between earmarked receipts and a program's spending, but they are basically an accounting device... provide no resources to the government for meeting future funding commitments."Source
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Quote #1
"Social Security has worked so well, that its surplus net income has been used to finance other government activities such as Medicaid."Source
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Quote #2
"Medicaid – Has operated at an average annual loss of $160 billion with, in effect, an average net margin of -100% over past 15 years"Source
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Quote #3
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