HOUSE_OVERSIGHT_020883.jpg
Extraction Summary
Document Information
This document consists of two slides (pages 83 and 84) from a KPCB presentation titled 'USA Inc. | Income Statement Drilldown.' The slides analyze US government entitlement spending, treating the nation as a corporation ('USA Inc.'). It highlights the difference between 'unfunded liabilities' and debt, noting that while laws can change, liabilities have historically increased. The second slide presents a chart showing the annual real net income of Social Security, Medicare, and Medicaid from 1940 to 2009, emphasizing a $5.6 trillion underfunding in healthcare entitlements. The Bates stamp 'HOUSE_OVERSIGHT_020883' indicates this document was part of evidence reviewed by the House Oversight Committee, likely in relation to investigations involving financial institutions connected to Jeffrey Epstein.
Organizations (7)
| Name | Type | Context |
|---|---|---|
| KPCB |
Kleiner Perkins Caufield & Byers, investment firm producing the report
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| USA Inc. |
Metaphorical corporate entity representing the US Government for financial analysis
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| Congress |
Mentioned regarding ability to change laws behind future promises
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| Social Security Administration |
Source of data for the chart
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| White House OMB |
Office of Management and Budget, source of GDP price index data
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| BEA |
Bureau of Economic Analysis, source of data
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| House Oversight Committee |
Implied by the Bates stamp 'HOUSE_OVERSIGHT'
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Locations (1)
| Location | Context |
|---|---|
Key Quotes (4)
"Unless they are reduced, USA Inc.’s financial liabilities... represent significant claims on USA Inc.’s future economic resources."Source
"Medicare/Medicaid Are Underfunded by $5.6 Trillion Since Inception in 1965"Source
"Congress can change the laws that are behind those future promises."Source
"Social Security Funding Has Worked, So Far"Source
Full Extracted Text
Complete text extracted from the document (1,773 characters)
USA Inc. | Income Statement Drilldown 83
Social Security Reform of 1983
Raised taxes by 2.3%
Reduced benefits by 5%
Medicare (Part A / B / D)
Medicaid
Medicare Part D (Prescription Drug Benefits) Signed into Law
USA Inc. | Income Statement Drilldown 84
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