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1.19 MB
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Presentation slides / financial report
File Size:
1.19 MB
Summary
This document consists of two slides from a presentation by KPCB (Kleiner Perkins) titled 'USA Inc. | Income Statement Drilldown'. It analyzes the financial health of US entitlement programs using Fiscal Year 2010 data, highlighting net losses for Medicaid, Medicare, and Social Security, alongside debt levels and one-time charges like TARP and ARRA. The document bears a 'HOUSE_OVERSIGHT' bates stamp, indicating it was part of a document production for a congressional investigation, likely included in a larger batch of financial records.
Locations (1)
| Location | Context |
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Key Quotes (3)
"We begin with the programs with the least sound financials (Medicaid and Medicare) and end with the programs with the most sound financials (Unemployment Insurance and Social Security), as of today."Source
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Quote #1
"Rising Debt Level & Interest Payments"Source
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Quote #2
"Periodic Large One-Time Charges"Source
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Quote #3
Full Extracted Text
Complete text extracted from the document (1,222 characters)
Next, We Drill Down on Entitlement Programs...
• We begin with the programs with the least sound financials (Medicaid and Medicare) and end with the programs with the most sound financials (Unemployment Insurance and Social Security), as of today.
• We then move to a drilldown of rising healthcare costs after the Medicaid and Medicare drilldowns.
KP
CB www.kpcb.com
USA Inc. | Income Statement Drilldown 93
CB www.kpcb.com
USA Inc. | Income Statement Drilldown 93
1
Entitlement Spending
Medicaid (-$273B Net Loss*)
Medicare (-$272B Net Loss*1)
Unemployment Benefits (-$115B Net Loss*)
Social Security (-$75B Net Loss*1)
Entitlement Spending
Medicaid (-$273B Net Loss*)
Medicare (-$272B Net Loss*1)
Unemployment Benefits (-$115B Net Loss*)
Social Security (-$75B Net Loss*1)
2
Rising Debt Level & Interest Payments
Debt Level ($9T Outstanding)
Effective Interest Rates (2.2%)
Debt Composition
Rising Debt Level & Interest Payments
Debt Level ($9T Outstanding)
Effective Interest Rates (2.2%)
Debt Composition
3
Periodic Large One-Time Charges
TARP ($26B Net Profit*2)
Fannie Mae / Freddie Mac (-$41B Net Loss*)
ARRA (-$137B Net Loss*)
Periodic Large One-Time Charges
TARP ($26B Net Profit*2)
Fannie Mae / Freddie Mac (-$41B Net Loss*)
ARRA (-$137B Net Loss*)
Note: *denotes F2010 net income / net loss of respective programs, data per White House OMB. 1) Medicare and Social Security net loss excludes Trust Fund interest income. 2) TARP net loss includes proceeds from sale of warrants. TARP is Troubled Asset Relief Program; ARRA is American Recovery & Reinvestment Act programs.
KP
CB www.kpcb.com
USA Inc. | Income Statement Drilldown 94
KP
CB www.kpcb.com
USA Inc. | Income Statement Drilldown 94
HOUSE_OVERSIGHT_020888
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