HOUSE_OVERSIGHT_020959.jpg
1.99 MB
Extraction Summary
1
People
8
Organizations
3
Locations
1
Events
0
Relationships
2
Quotes
Document Information
Type:
Presentation slides / congressional oversight document
File Size:
1.99 MB
Summary
The document consists of two slides (pages 235 and 236) from a presentation titled 'USA Inc. | What Might a Turnaround Expert Consider?' produced by KPCB (Kleiner Perkins). The slides analyze economic constraints in the US, citing data on entitlement programs (Medicaid, Medicare, Social Security) and quoting Treasury Secretary Timothy Geithner on the risks of premature fiscal restraint. The document bears a 'HOUSE_OVERSIGHT' Bates stamp, suggesting it was part of evidence provided to a congressional committee, possibly related to investigations involving financial institutions.
People (1)
| Name | Role | Context |
|---|---|---|
| Timothy Geithner | Secretary of US Treasury |
Quoted in The Wall Street Journal regarding economic policy and financial crises.
|
Organizations (8)
| Name | Type | Context |
|---|---|---|
| KPCB |
Kleiner Perkins Caufield & Byers (indicated by KP CB logo and url), creators of the presentation.
|
|
| Pew |
Cited as source for survey data regarding Social Security/Medicare.
|
|
| Social Security Administration |
Cited as a data source.
|
|
| Dept. of Health & Human Services |
Cited as a data source.
|
|
| BEA |
Bureau of Economic Analysis, cited as a data source.
|
|
| The Wall Street Journal |
Source of the Timothy Geithner quote.
|
|
| House Oversight Committee |
Implied by the Bates stamp 'HOUSE_OVERSIGHT'.
|
|
| USA Inc. |
Title of the presentation/report.
|
Timeline (1 events)
September 12, 2010
Locations (3)
| Location | Context |
|---|---|
|
Mentioned in historical economic context (the 30s).
|
|
|
Mentioned in historical economic context (the 90s).
|
|
|
Referenced as the seat of policy making.
|
Key Quotes (2)
"[The] typical error most countries make coming out of a financial crisis is they shift too quickly to premature restraint."Source
HOUSE_OVERSIGHT_020959.jpg
Quote #1
"If the government does nothing going forward, then the impact of policy in Washington will shift from supporting economic growth to hurting economic growth."Source
HOUSE_OVERSIGHT_020959.jpg
Quote #2
Full Extracted Text
Complete text extracted from the document (1,699 characters)
Matching Expenses & Revenue:
Imperatives & Constraints
Imperatives & Constraints
There are many constraints to making changes
- ~90 million citizens (29% of Americans)¹ have grown accustomed to entitlement programs - 47MM on Medicaid, 45MM on Medicare, and 51MM on Social Security, and many of them vote.
- Politicians depend on re-election campaigns, which can create conflicts, especially given that only 12% of the population are willing to cut Social Security and Medicare benefits, per Pew survey in 2/11.
- Low personal savings rates (near 6% of disposable income in CQ2:10), high unemployment (near 10%) and economic uncertainty, which can limit ability to make radical change.
- 14 million healthcare-related workers² have grown accustomed to relatively high healthcare spending.
- Politicians depend on re-election campaigns, which can create conflicts, especially given that only 12% of the population are willing to cut Social Security and Medicare benefits, per Pew survey in 2/11.
- Low personal savings rates (near 6% of disposable income in CQ2:10), high unemployment (near 10%) and economic uncertainty, which can limit ability to make radical change.
- 14 million healthcare-related workers² have grown accustomed to relatively high healthcare spending.
Note: 1) as of 2008, excludes double counting of beneficiaries of multiple entitlement programs; 2) as of 2008, per BEA. Source: Social Security Administration, Dept. of Health & Human Services, BEA.
KP
CB www.kpcb.com
USA Inc. | What Might a Turnaround Expert Consider? 235
KP
CB www.kpcb.com
USA Inc. | What Might a Turnaround Expert Consider? 235
And Then There’s the Constraint of
USA Inc.’s Weak Economy
USA Inc.’s Weak Economy
[The] typical error most countries make coming out of a financial crisis is they shift too quickly to premature restraint. You saw that in the United States in the 30s, you saw that in Japan in the 90s. It is very important for us to avoid that mistake. If the government does nothing going forward, then the impact of policy in Washington will shift from supporting economic growth to hurting economic growth.
Timothy Geithner, Secretary of US Treasury
The Wall Street Journal, September 12, 2010
The Wall Street Journal, September 12, 2010
KP
CB www.kpcb.com
USA Inc. | What Might a Turnaround Expert Consider? 236
CB www.kpcb.com
USA Inc. | What Might a Turnaround Expert Consider? 236
HOUSE_OVERSIGHT_020959
Discussion 0
No comments yet
Be the first to share your thoughts on this epstein document