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1.67 MB
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Type:
Financial report / presentation slide
File Size:
1.67 MB
Summary
This document is a page from the 'USA Inc.' report produced by KPCB (Kleiner Perkins Caufield & Byers), likely authored by Mary Meeker around 2011. It presents an economic analysis of US federal spending, highlighting a massive increase in entitlement spending compared to GDP growth between 1965 and 2010. The text warns of rising debt-to-GDP ratios, underfunded liabilities from entities like Fannie Mae and Freddie Mac, and the future impact of rising interest rates on national debt service costs. It bears a 'HOUSE_OVERSIGHT' Bates stamp, indicating it was part of a document production for a congressional investigation.
Locations (1)
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Key Quotes (5)
"Entitlement Spending Increased 11x While Real GDP Grew 3x Over Past 45 Years"Source
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Quote #1
"From 1790 to 1930, government spending on average accounted for just 3% of American GDP. Today, government spending absorbs closer to 24% of GDP."Source
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Quote #2
"As a percentage of GDP, the federal government’s public debt has doubled over the last 30 years, to 53% of GDP."Source
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Quote #3
"The public debt to GDP ratio is likely to triple to 146% over the next 20 years, per CBO."Source
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Quote #4
"By 2037, cumulative deficits from Social Security could add another $11.6 trillion to the public debt."Source
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Quote #5
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