HOUSE_OVERSIGHT_020834.jpg
1.94 MB
Extraction Summary
2
People
6
Organizations
1
Locations
2
Events
0
Relationships
3
Quotes
Document Information
Type:
Financial/economic report presentation slide
File Size:
1.94 MB
Summary
This document appears to be a page (slide xi) from a presentation titled 'USA Inc.' produced by KPCB (Kleiner Perkins), bearing a House Oversight Committee Bates stamp. It analyzes US fiscal health, specifically focusing on the rising costs of healthcare (Affordable Care Act), Social Security, and Unemployment Insurance, alongside a chart depicting the historical rise of federal government spending as a percentage of GDP from 1790 to 2010. The text argues that without reform to entitlement programs, the US balance sheet will deteriorate significantly.
People (2)
| Name | Role | Context |
|---|---|---|
| Louis Johnston | Source Author |
Cited in the chart source regarding historical GDP data.
|
| Samuel H. Williamson | Source Author |
Cited in the chart source regarding historical GDP data.
|
Organizations (6)
| Name | Type | Context |
|---|---|---|
| KPCB |
Kleiner Perkins Caufield & Byers logo appears in footer.
|
|
| USA Inc. |
Refers to the title of the report and the United States treated as a corporate entity.
|
|
| CBO |
Congressional Budget Office mentioned regarding deficit reduction projections.
|
|
| White House OMB |
Cited as a data source for federal spending and GDP.
|
|
| MeasuringWorth |
Cited as a source for economic data.
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| House Oversight Committee |
Implied by the Bates stamp 'HOUSE_OVERSIGHT'.
|
Locations (1)
| Location | Context |
|---|---|
|
Focus of the economic analysis.
|
Key Quotes (3)
"Regardless of the emotional debate about entitlements, fiscal reality can’t be ignored – if these programs aren’t reformed, one way or another, USA Inc.’s balance sheet will go from bad to worse."Source
HOUSE_OVERSIGHT_020834.jpg
Quote #1
"In 1950, 100 workers supported six beneficiaries; today, 100 workers support 33 beneficiaries."Source
HOUSE_OVERSIGHT_020834.jpg
Quote #2
"Federal Government Spending Had Risen to 24% of GDP in 2010, Up From an Average of 3% From 1790 to 1930"Source
HOUSE_OVERSIGHT_020834.jpg
Quote #3
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