HOUSE_OVERSIGHT_020917.jpg
1.7 MB
Extraction Summary
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People
5
Organizations
1
Locations
4
Events
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Relationships
3
Quotes
Document Information
Type:
Presentation slides / economic analysis report
File Size:
1.7 MB
Summary
The document consists of two presentation slides labeled 'USA Inc. | Income Statement Drilldown' (pages 151 and 152), produced by KPCB (Kleiner Perkins). The slides analyze US Federal debt levels, specifically highlighting how recessions and the 1981/2001/2003 tax cuts impacted revenue, and how a $1.4 trillion Social Security surplus (1984-2008) masked the true borrowing needs of the US government. The document bears the Bates stamp 'HOUSE_OVERSIGHT_020917', indicating it was part of a document production to the House Oversight Committee, though the content itself is macroeconomic data unrelated to specific individuals.
Organizations (5)
| Name | Type | Context |
|---|---|---|
| KPCB |
Kleiner Perkins Caufield & Byers, indicated in footer
|
|
| USA Inc. |
Title of the report/presentation series
|
|
| White House Office of Management and Budget |
Cited source for tax data
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| Congressional Budget Office |
Cited source for Social Security data
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| House Oversight Committee |
Implied by Bates stamp 'HOUSE_OVERSIGHT'
|
Locations (1)
| Location | Context |
|---|---|
|
Subject of economic analysis
|
Key Quotes (3)
"Without these past Social Security surpluses, USA Inc. would have to have issued $1.4 trillion more debt (or 16% higher than current level of debt) to fund its operations."Source
HOUSE_OVERSIGHT_020917.jpg
Quote #1
"These surpluses have been used to fund other parts of federal government operations (including Medicaid, infrastructure and defense...) under the unified budget accounting rules."Source
HOUSE_OVERSIGHT_020917.jpg
Quote #2
"Recessions + Corporate Tax Accounting Changes Led to Revenue Underperformance"Source
HOUSE_OVERSIGHT_020917.jpg
Quote #3
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