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1.52 MB
Extraction Summary
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People
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Organizations
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Locations
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Quotes
Document Information
Type:
Presentation slides / report page
File Size:
1.52 MB
Summary
This document consists of two presentation slides from a report titled 'USA Inc.' produced by KPCB (Kleiner Perkins). The content analyzes the fiscal health of the United States, highlighting rising entitlement spending (Social Security, Medicare, Medicaid) and projected debt issues based on 2009 data. The document bears a 'HOUSE_OVERSIGHT' Bates stamp, indicating it was produced as part of a congressional investigation.
Organizations (4)
| Name | Type | Context |
|---|---|---|
| KPCB |
Logo present on slides
|
|
| USA Inc. |
The entity being analyzed in the report
|
|
| White House OMB |
Source for 2009 data
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|
| CBO |
Source for 2025 forecast (Congressional Budget Office)
|
Locations (1)
| Location | Context |
|---|---|
|
Subject of the fiscal analysis
|
Key Quotes (4)
"Will ours also rise to the occasion?"Source
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Quote #1
"USA Inc. spends too much and, in effect, is maxing out its credit card."Source
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Quote #2
"In 2009, 64% of America’s revenue went to Social Security, Medicare & Medicaid, compared with 31% in 1980 and 20% in 1970."Source
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Quote #3
"Using current projections, 100% of America’s revenue in 2025 will go to Social Security, Medicare, Medicaid and Net Interest Expense."Source
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Quote #4
Full Extracted Text
Complete text extracted from the document (1,361 characters)
The Challenge Before Us
Policymakers, businesses and citizens need to share responsibility for
past failures and develop a plan for future successes.
past failures and develop a plan for future successes.
Past generations of Americans have responded to major challenges
with collective sacrifice and hard work.
with collective sacrifice and hard work.
Will ours also rise to the occasion?
KP
CB www.kpcb.com
USA Inc. | Summary 447
CB www.kpcb.com
USA Inc. | Summary 447
Current Observations About America…
• On many fronts, USA Inc. is in great shape, but it has one big problem –
USA Inc. spends too much and, in effect, is maxing out its credit card. USA
Inc. must address the problem.
USA Inc. spends too much and, in effect, is maxing out its credit card. USA
Inc. must address the problem.
• In 2009, 64% of America’s revenue went to Social Security, Medicare &
Medicaid, compared with 31% in 1980 and 20% in 1970.
Medicaid, compared with 31% in 1980 and 20% in 1970.
• Using current projections, 100% of America’s revenue in 2025 will go to Social
Security, Medicare, Medicaid and Net Interest Expense.
Security, Medicare, Medicaid and Net Interest Expense.
• This raises the question, ‘How will America pay for the likes of education,
national defense, homeland security, infrastructure improvement, R&D, law
enforcement, postal service, etc.?’
national defense, homeland security, infrastructure improvement, R&D, law
enforcement, postal service, etc.?’
• USA Inc.’s fundamental tradeoff is that it must balance its FUTURE
(education) with its PRESENT (national defense & homeland security) and
its PAST (Social Security & Medicare & Medicaid).
(education) with its PRESENT (national defense & homeland security) and
its PAST (Social Security & Medicare & Medicaid).
KP
CB www.kpcb.com
Source: 2009 data per White House OMB, 2025 forecast per CBO’s Alternative Fiscal Scenario.
USA Inc. | Summary 448
CB www.kpcb.com
Source: 2009 data per White House OMB, 2025 forecast per CBO’s Alternative Fiscal Scenario.
USA Inc. | Summary 448
HOUSE_OVERSIGHT_021065
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