HOUSE_OVERSIGHT_020878.jpg
1.7 MB
Extraction Summary
0
People
4
Organizations
1
Locations
1
Events
2
Relationships
4
Quotes
Document Information
Type:
Presentation slides / financial report
File Size:
1.7 MB
Summary
This document presents two slides analyzing US entitlement spending trends, highlighting that many programs like Medicaid and Medicare lack sufficient dedicated funding compared to Social Security. It provides statistical data showing that annual entitlement spending doubled over a 15-year period (F1995-F2010), reaching approximately $16,600 per household per year.
Organizations (4)
| Name | Type | Context |
|---|---|---|
| Government | ||
| KPCB | ||
| USA Inc. | ||
| White House Office of Management and Budget |
Timeline (1 events)
financial crisis
Locations (1)
| Location | Context |
|---|---|
Relationships (2)
Social Security
→
has
→
pay-as-you-go funding plan
Entitlement Spending
→
increased
→
2x Over 15 Years
Key Quotes (4)
"Entitlement programs were created with the best of intentions by the Government."Source
HOUSE_OVERSIGHT_020878.jpg
Quote #1
"other entitlement plans (including Medicaid and Medicare) were developed without sufficient dedicated funding."Source
HOUSE_OVERSIGHT_020878.jpg
Quote #2
"Expenses Up 2x Over 15 Years"Source
HOUSE_OVERSIGHT_020878.jpg
Quote #3
"Annual Entitlement Spending Per Household = $16,600 per Year"Source
HOUSE_OVERSIGHT_020878.jpg
Quote #4
Full Extracted Text
Complete text extracted from the document (2,122 characters)
Entitlement Spending: Lacks Sufficient Dedicated Funding
Entitlement programs were created with the best of intentions by
the Government. They serve many of the nation’s poorest, whose
struggles have been made worse by the financial crisis.
the Government. They serve many of the nation’s poorest, whose
struggles have been made worse by the financial crisis.
However, with the exception of Social Security (which was developed
with a pay-as-you-go funding plan and constructed to be legally flexible if
conditions change) and unemployment insurance (which was designed
to be flexible at State level), other entitlement plans (including Medicaid
and Medicare) were developed without sufficient dedicated funding.
with a pay-as-you-go funding plan and constructed to be legally flexible if
conditions change) and unemployment insurance (which was designed
to be flexible at State level), other entitlement plans (including Medicaid
and Medicare) were developed without sufficient dedicated funding.
Here we drill down on the funding trends for entitlement plans ...
KP
CB www.kpcb.com
USA Inc. | Income Statement Drilldown 73
CB www.kpcb.com
USA Inc. | Income Statement Drilldown 73
Entitlement Spending: Expenses Up 2x Over 15 Years
Annual Entitlement Spending Per Household = $16,600 per Year
Annual Entitlement Spending Per Household = $16,600 per Year
USA Inc. Annual Entitlement Programs’ Total & Per-Household Expenses, F1995 – F2010
$2,400 $20,000
Entitlement Programs Annual Expenses ($B)
$2,000 Entitlement Expenses per Household ($) $16,000
$1,600 $12,000
$1,200 $8,000
$800 $4,000
$400
$0 $0
F1995 F1997 F1999 F2001 F2003 F2005 F2007 F2009
F1995 F1997 F1999 F2001 F2003 F2005 F2007 F2009
[Y-Axis Left Label]: USA Inc. Entitlement Total Expenses ($B)
[Y-Axis Right Label]: Entitlement Expenses per Household ($)
[Y-Axis Right Label]: Entitlement Expenses per Household ($)
Note: Data are not adjusted for inflation. Entitlement programs include Social Security, Medicare, Medicaid,
unemployment benefits, food & nutrition assistance, housing assistance and other. USA federal fiscal year ends in
September; Source: White House Office of Management and Budget.
unemployment benefits, food & nutrition assistance, housing assistance and other. USA federal fiscal year ends in
September; Source: White House Office of Management and Budget.
KP
CB www.kpcb.com
USA Inc. | Income Statement Drilldown 74
CB www.kpcb.com
USA Inc. | Income Statement Drilldown 74
HOUSE_OVERSIGHT_020878
Discussion 0
No comments yet
Be the first to share your thoughts on this epstein document