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1.35 MB
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16
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Presentation slides / economic report
File Size:
1.35 MB
Summary
This document contains two presentation slides (pages 427 and 428) from a KPCB 'USA Inc.' report regarding 'Consequences of Inaction.' The first slide analyzes European social benefit spending as a percentage of GDP, comparing 1999 to 2009, highlighting increases in Greece, Portugal, Ireland, and Spain. The second slide illustrates a 'vicious cycle' economic model suggesting that austerity measures removing entitlement benefits can lead to lower tax receipts, higher unemployment, and social unrest. The document bears a 'HOUSE_OVERSIGHT_021055' stamp, indicating it was part of a document production for a congressional investigation.
Organizations (5)
Key Quotes (3)
"European Countries (including Greece, Portugal, Ireland and Spain) Have Committed A Rising Share of GDP to 'Social Benefits' Over Past Decade"Source
HOUSE_OVERSIGHT_021055.jpg
Quote #1
"Austerity Measures to Take Away Entitlement Benefits Could Spark a Vicious Cycle"Source
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Quote #2
"European Union 2009 Average = 17.1%"Source
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Quote #3
Full Extracted Text
Complete text extracted from the document (1,202 characters)
European Countries (including Greece, Portugal, Ireland and Spain) Have Committed A Rising Share of GDP to 'Social Benefits' Over Past Decade
Social Benefits Paid by Government as % of GDP, 1999 vs. 2009
Social Benefits Paid by Government as % of GDP
25%
20%
15%
10%
5%
25%
20%
15%
10%
5%
2009
1999
1999
European Union 2009 Average = 17.1%
Greece
Austria
Italy
France
Germany
Finland
Belgium
Portugal
Denmark
Hungary
Luxembourg
Ireland
UK
Spain
Austria
Italy
France
Germany
Finland
Belgium
Portugal
Denmark
Hungary
Luxembourg
Ireland
UK
Spain
Source: Eurostat. 'Social Benefits' include both social insurance (comparable to Social Security and Medicare) and social assistance benefits (comparable to Medicaid) provided by government units as well as all social insurance benefits provided under private funded and unfunded social insurance schemes, whether in cash or in kind.
KP CB www.kpcb.com
USA Inc. | Consequences of Inaction 427
KP CB www.kpcb.com
USA Inc. | Consequences of Inaction 427
Austerity Measures to Take Away Entitlement Benefits Could Spark a Vicious Cycle
Less Revenue for Corporations & Small Businesses
Higher Unemployment
Lower Consumption
Lower Productivity
Social Unrest
More Austerity Measures
Higher Tax Rates
Less Investor Confidence
Lower Government Tax Receipts
Higher Unemployment
Lower Consumption
Lower Productivity
Social Unrest
More Austerity Measures
Higher Tax Rates
Less Investor Confidence
Lower Government Tax Receipts
KP CB www.kpcb.com
USA Inc. | Consequences of Inaction 428
USA Inc. | Consequences of Inaction 428
HOUSE_OVERSIGHT_021055
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