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Document Information

Type: Presentation slides / financial report
File Size: 2.15 MB
Summary

This document consists of two slides from a KPCB (Kleiner Perkins) presentation titled 'USA Inc. | Income Statement Drilldown' (pages 81 and 82). The content analyzes US government entitlement spending for Fiscal Year 2010, noting a significant deficit where spending ($1.98 trillion) exceeded revenue ($0.87 trillion) by 129%. It defines financial terms such as 'Unfunded' and 'Net Responsibilities' regarding Social Security, Medicare, and Medicaid, referencing the Dept. of Treasury's accounting standards. The document bears a 'HOUSE_OVERSIGHT' Bates stamp, indicating it was part of a congressional investigation production.

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KPCB Analyst USA Inc.
KPCB authored the report analyzing 'USA Inc.' financial statements.

Key Quotes (2)

"Entitlement spending exceeded entitlement revenue by 129% in F2010."
Source
HOUSE_OVERSIGHT_020882.jpg
Quote #1
"USA Inc. does not record these ‘unfunded’ financial commitments as explicit liabilities on balance sheet, owing to Federal accounting standards."
Source
HOUSE_OVERSIGHT_020882.jpg
Quote #2

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