HOUSE_OVERSIGHT_020928.jpg
1.17 MB
Extraction Summary
1
People
4
Organizations
1
Locations
2
Events
1
Relationships
3
Quotes
Document Information
Type:
Presentation slides / financial analysis report
File Size:
1.17 MB
Summary
This document contains two slides from a KPCB presentation titled 'USA Inc. | Income Statement Drilldown' (slides 173 and 174). The presentation analyzes US federal fiscal health, specifically projecting that entitlement spending and interest payments will exceed total revenue by the year 2025, based on June 2010 CBO data. The document bears a 'HOUSE_OVERSIGHT' Bates stamp, indicating it was part of a document production for a congressional investigation.
People (1)
| Name | Role | Context |
|---|---|---|
| Policymakers | Government Officials |
Mentioned in the source footnote regarding regular past policy changes.
|
Organizations (4)
| Name | Type | Context |
|---|---|---|
| KPCB |
Kleiner Perkins Caufield & Byers, creator of the presentation (Logo present).
|
|
| USA Inc. |
The metaphor used to analyze the US Government's financials.
|
|
| Congressional Budget Office |
Cited as the source for the Long-Term Budget Outlook (6/10).
|
|
| CBO |
Acronym for Congressional Budget Office.
|
Timeline (2 events)
Locations (1)
| Location | Context |
|---|---|
|
Implied subject of the 'USA Inc.' analysis and GDP data.
|
Key Quotes (3)
"By USA Inc.'s Own Forecast…"Source
HOUSE_OVERSIGHT_020928.jpg
Quote #1
"Entitlement Spending + Interest Payments Alone Should Exceed USA Inc. Total Revenue by 2025E!"Source
HOUSE_OVERSIGHT_020928.jpg
Quote #2
"The alternative fiscal scenario deviates from CBO's baseline because it incorporates some policy changes that are widely expected to occur"Source
HOUSE_OVERSIGHT_020928.jpg
Quote #3
Full Extracted Text
Complete text extracted from the document (1,433 characters)
And – You Guessed It – Here’s the Punch Line…
By USA Inc.'s Own Forecast…
KP
CB www.kpcb.com
USA Inc. | Income Statement Drilldown 173
CB www.kpcb.com
USA Inc. | Income Statement Drilldown 173
Entitlement Spending + Interest Payments Alone Should Exceed USA Inc. Total Revenue by 2025E!
Entitlement Spending + Interest Payments vs. Revenue as % of GDP, 1980 – 2050E
Total Revenue & Entitlement + Net Interest Payments as % of GDP
40%
30%
20%
10%
0%
40%
30%
20%
10%
0%
Revenue
Entitlement Spending + Net Interest Payments
Entitlement Spending + Net Interest Payments
1980 1990 2000 2010E 2020E 2030E 2040E 2050E
Source: Congressional Budget Office (CBO) Long-Term Budget Outlook (6/10). Note that entitlement spending includes federal government expenditures on Social Security, Medicare and Medicaid. Data in our chart is based on CBO's 'alternative fiscal scenario' forecast, which assumes a continuation of today's underlying fiscal policy. Note that CBO also maintains an 'extended-baseline' scenario, which adheres closely to current law. The alternative fiscal scenario deviates from CBO's baseline because it incorporates some policy changes that are widely expected to occur (such as extending the 2001-2003 tax cuts rather than letting them expire as scheduled by current law and adjusting physician payment rates to be in line with the Medicare economic index rather than at lower scheduled rates) and that policymakers have regularly made in the past.
KP
CB www.kpcb.com
USA Inc. | Income Statement Drilldown 174
CB www.kpcb.com
USA Inc. | Income Statement Drilldown 174
HOUSE_OVERSIGHT_020928
Discussion 0
No comments yet
Be the first to share your thoughts on this epstein document