HOUSE_OVERSIGHT_020872.jpg
2.36 MB
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Document Information
Type:
Presentation slides / financial analysis report
File Size:
2.36 MB
Summary
Two slides from a KPCB presentation titled 'USA Inc.' analyzing the US federal budget through a corporate lens. The document highlights the historical growth of government spending relative to GDP, attributes modern deficits largely to surging healthcare costs (Medicare/Medicaid) since the 1970s, and argues that excluding these healthcare costs, the government's core operations would be solvent. The document bears a House Oversight Bates stamp.
Organizations (8)
Key Quotes (3)
"America’s government has grown dramatically - USA Inc.’s revenue as percent of GDP has risen from 2% to 15%."Source
HOUSE_OVERSIGHT_020872.jpg
Quote #1
"Since 1970, USA Inc. showed a profit just 4 times (F1998-F2001, when economic growth was especially robust and defense spending was relatively low)."Source
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Quote #2
"In fact, for USA Inc.'s operations besides Medicare / Medicaid and one-time expenses, there’s ample scope to increase spending... by ~4%* in aggregate and still remain break-even."Source
HOUSE_OVERSIGHT_020872.jpg
Quote #3
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