HOUSE_OVERSIGHT_020912.jpg
1.55 MB
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Presentation slides / financial report
File Size:
1.55 MB
Summary
This document consists of two slides from a KPCB presentation titled 'USA Inc. | Income Statement Drilldown' (pages 141-142). It analyzes the financial health of the US government (framed as 'USA Inc.') using 2010 data, highlighting significant net losses in entitlement programs like Medicaid and Medicare, rising debt levels ($9T), and one-time charges related to TARP and ARRA. The document bears a footer label 'HOUSE_OVERSIGHT_020912', suggesting it was part of a document production for the House Oversight Committee.
Organizations (5)
Locations (1)
| Location | Context |
|---|---|
Key Quotes (2)
"Social Security will no longer be self-funded within 5-10 years, and the underfunding of Medicaid and Medicare will simply go from bad to worse."Source
HOUSE_OVERSIGHT_020912.jpg
Quote #1
"Two significant entitlement programs (Medicaid and Medicare) were created without effective funding plans / programs."Source
HOUSE_OVERSIGHT_020912.jpg
Quote #2
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In Sum...
Heretofore, Social Security and Unemployment Insurance have been effectively funded, but two significant entitlement programs (Medicaid and Medicare) were created without effective funding plans / programs. Only one of these (Medicaid) is means-tested (indicating that one is eligible for Medicaid only if he / she does not sufficient financial means).
Left unchanged, Unemployment Insurance funding should improve as economic growth resumes, but Social Security will no longer be self-funded within 5-10 years, and the underfunding of Medicaid and Medicare will simply go from bad to worse.
KP
CB www.kpcb.com
USA Inc. | Income Statement Drilldown 141
CB www.kpcb.com
USA Inc. | Income Statement Drilldown 141
Drill Down on USA Inc.
Rising Debt Level and Interest Payments
Rising Debt Level and Interest Payments
1
Entitlement Spending
Entitlement Spending
Medicaid
(-$273B Net Loss*)
(-$273B Net Loss*)
Medicare
(-$272B Net Loss*1)
(-$272B Net Loss*1)
Unemployment Benefits
(-$115B Net Loss*)
(-$115B Net Loss*)
Social Security
(-$75B Net Loss*1)
(-$75B Net Loss*1)
2
Rising Debt Level & Interest Payments
Rising Debt Level & Interest Payments
Debt Level
($9T Outstanding)
($9T Outstanding)
Effective Interest Rates
(2.2%)
(2.2%)
Debt Composition
3
Periodic Large One-Time Charges
Periodic Large One-Time Charges
TARP
($26B Net Profit*2)
($26B Net Profit*2)
Fannie Mae / Freddie Mac
(-$41B Net Loss*)
(-$41B Net Loss*)
ARRA
(-$137B Net Loss*)
(-$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 142
CB www.kpcb.com
USA Inc. | Income Statement Drilldown 142
HOUSE_OVERSIGHT_020912
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