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1.37 MB

Extraction Summary

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Quotes

Document Information

Type: Presentation slides / report (usa inc. project)
File Size: 1.37 MB
Summary

This document consists of two presentation slides, pages 353 and 354, from a 'USA Inc.' report produced by KPCB (Kleiner Perkins). The slides analyze US federal fiscal policy, proposing 'Illustrative Policy Options' for deficit reduction based on the 2010 National Commission on Fiscal Responsibility and Reform report. It outlines specific cuts (contractors, earmarks, salaries) to achieve $100 billion in savings and presents a high-level strategy for a 'Turnaround Expert' focusing on expenses and revenues. The document bears the Bates stamp HOUSE_OVERSIGHT_021018.

Timeline (1 events)

2010-12-01
Release of 'The Moment of Truth: Report of the National Commission on Fiscal Responsibility and Reform'
USA

Locations (1)

Location Context
USA

Relationships (1)

KPCB Creator/Publisher USA Inc.
Footer branding 'KPCB www.kpcb.com USA Inc.'

Key Quotes (5)

"Focus on Operating Efficiency: Illustrative Policy Options From the Report of the National Commission on Fiscal Responsibility and Reform"
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Quote #1
"What Might a Turnaround Expert Consider?"
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Quote #2
"Focus on Expenses"
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Quote #3
"Focus on Revenues"
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Quote #4
"Drive Sustainable Economic Growth"
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Quote #5

Full Extracted Text

Complete text extracted from the document (1,658 characters)

Focus on Operating Efficiency: Illustrative Policy Options From the Report of the National Commission on Fiscal Responsibility and Reform
Illustrative Policy Options
Deficit Reduction in F2015E
Eliminate 250,000 non-defense service and staff augmentee contractors
$18 billion
Eliminate all earmarks¹
$16
Freeze federal salaries, bonuses, and other compensation at non-Defense agencies for three years
$15
Cut the federal workforce by 10% (2-for-3 replacement rate)
$13
Create a Cut-and-Invest Committee charged with trimming waste and targeting investment
$11
Slow the growth of foreign aid
$5
Other²
$22
Total Deficit Reduction F2015E
$100 billion
Note: 1) an earmark is a legislative (especially congressional) provision that directs approved funds to be spent on specific projects, or that directs specific exemptions from taxes or mandated fees. 2) Other includes eliminate NASA funding for commercial spaceflight, terminate low-priority Army Corps of Engineers programs, sell excess federal property, reduce congressional & White House budgets by 15%, reduce unnecessary printing costs and more. Source: National Commission on Fiscal Responsibility and Reform, "The Moment of Truth: Report of the National Commission on Fiscal Responsibility and Reform," 12/1/10.
KPCB www.kpcb.com
USA Inc. | What Might a Turnaround Expert Consider? 353
What Might a Turnaround Expert Consider?
1
Focus on Expenses
Reform Entitlement Programs
Focus on Operating Efficiency
2
Focus on Revenues
Drive Sustainable Economic Growth
Consider Changing Tax Policies
KPCB www.kpcb.com
USA Inc. | What Might a Turnaround Expert Consider? 354
HOUSE_OVERSIGHT_021018

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