HOUSE_OVERSIGHT_020929.jpg
1.03 MB
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Type:
Presentation slides / report
File Size:
1.03 MB
Summary
Two slides from a KPCB presentation titled 'USA Inc. | Income Statement Drilldown' (pages 175-176). The first slide presents a chart comparing CBO projections from 1999 regarding federal revenue versus entitlement spending, highlighting a discrepancy in fiscal sustainability projections. The second slide contains a rhetorical statement emphasizing the severity of the data presented in the previous slides. The document bears a 'HOUSE_OVERSIGHT_020929' stamp.
Organizations (4)
Locations (1)
| Location | Context |
|---|---|
Key Quotes (2)
"If the Previous Two Slides… aren’t a wake-up call, we don’t know what is…"Source
HOUSE_OVERSIGHT_020929.jpg
Quote #1
"CBO’s Projection from 10 Years Ago (in 1999) Showed Federal Revenue Sufficient to Support Entitlement Spending + Interest Payments Until 2060E"Source
HOUSE_OVERSIGHT_020929.jpg
Quote #2
Full Extracted Text
Complete text extracted from the document (954 characters)
CBO’s Projection from 10 Years Ago (in 1999) Showed Federal Revenue
Sufficient to Support Entitlement Spending + Interest Payments Until 2060E
– 35 Years Later than Current Projection
Sufficient to Support Entitlement Spending + Interest Payments Until 2060E
– 35 Years Later than Current Projection
CBO’s Projection in the ‘1999 Long-Term Budget Outlook’ on
Entitlement Spending + Interest Payments vs. Revenue as % of GDP, 1980 – 2070E
Entitlement Spending + Interest Payments vs. Revenue as % of GDP, 1980 – 2070E
[Chart Axis Left: Total Revenue & Entitlement + Net Interest Payments as % of GDP]
[Chart Axis Bottom: 1980, 1990, 2000, 2010E, 2020E, 2030E, 2040E, 2050E, 2060E, 2070E]
[Legend: Blue Line - Revenue; Red Line - Entitlement Spending + Net Interest Payments]
[Chart Axis Bottom: 1980, 1990, 2000, 2010E, 2020E, 2030E, 2040E, 2050E, 2060E, 2070E]
[Legend: Blue Line - Revenue; Red Line - Entitlement Spending + Net Interest Payments]
Source: Congressional Budget Office Long-Term Budget Outlook (1999).
Note that there was no alternative fiscal scenario in CBO’s forecast back then.
Note that there was no alternative fiscal scenario in CBO’s forecast back then.
KP
CB www.kpcb.com
USA Inc. | Income Statement Drilldown 175
CB www.kpcb.com
USA Inc. | Income Statement Drilldown 175
If the Previous Two Slides…
aren’t a
wake-up call,
we don’t know
what is…
wake-up call,
we don’t know
what is…
KP
CB www.kpcb.com
USA Inc. | Income Statement Drilldown 176
CB www.kpcb.com
USA Inc. | Income Statement Drilldown 176
HOUSE_OVERSIGHT_020929
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