HOUSE_OVERSIGHT_020863.jpg
1.34 MB
Extraction Summary
1
People
5
Organizations
2
Locations
5
Events
1
Relationships
2
Quotes
Document Information
Type:
Presentation slide deck / economic report
File Size:
1.34 MB
Summary
This document consists of two slides from a KPCB presentation titled 'USA Inc. | High Level Thoughts.' The first slide (p. 43) graphically depicts US Federal Spending as a percentage of GDP from 1795 to 2010, highlighting the growth of entitlement programs compared to war-time spending. The second slide (p. 44) compares US entitlement spending ($1.43 trillion) directly to India's entire nominal GDP for 2010, noting they are equal amounts.
People (1)
| Name | Role | Context |
|---|---|---|
| John Cogan | Source |
Cited as the source for the spending data chart from Stanford University.
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Organizations (5)
| Name | Type | Context |
|---|---|---|
| KPCB |
Kleiner Perkins Caufield & Byers, the venture capital firm that seemingly produced the presentation (logo and URL vis...
|
|
| Stanford University |
Affiliation of source John Cogan.
|
|
| IMF |
International Monetary Fund cited for population and GDP data.
|
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| USA Inc. |
Metaphorical name used for the US Government in the report title.
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| House Oversight Committee |
Implied by the Bates stamp 'HOUSE_OVERSIGHT_020863'.
|
Relationships (1)
Source: John Cogan, Stanford University.
Key Quotes (2)
"Entitlement Programs Are the Largest & Growing Expense Items on USA Inc.'s Income Statement in Peace Time"Source
HOUSE_OVERSIGHT_020863.jpg
Quote #1
"It’s notable that India’s 2010 nominal GDP* of $1.43 trillion was equal to USA’s $1.43 trillion in federal government spending on Social Security, Medicare, and Medicaid."Source
HOUSE_OVERSIGHT_020863.jpg
Quote #2
Full Extracted Text
Complete text extracted from the document (1,169 characters)
Entitlement Programs Are the Largest & Growing Expense Items on USA Inc.'s Income Statement in Peace Time
USA Inc. Spending as % of GDP, 1795 – 2010
[Chart Legend]
All Other Spending
Social Security
Medicare + Medicaid
All Other Spending
Social Security
Medicare + Medicaid
[Y-Axis Label] Federal Spending As % of GDP
[Chart Annotations]
War of 1812
Civil War
World War I
Great Depression
World War II
War of 1812
Civil War
World War I
Great Depression
World War II
[X-Axis Labels] 1795, 1820, 1845, 1870, 1895, 1920, 1945, 1970, 1995
KPCB
www.kpcb.com
Note: Medicaid spending only includes federal (not state) portion of spending.
Source: John Cogan, Stanford University.
USA Inc. | High Level Thoughts 43
www.kpcb.com
Note: Medicaid spending only includes federal (not state) portion of spending.
Source: John Cogan, Stanford University.
USA Inc. | High Level Thoughts 43
Perspective –
USA Entitlement Spending = India’s GDP
USA Entitlement Spending = India’s GDP
• With a population of 1.2 billion (vs. USA’s 310 million) and 2010 GDP growth of 10% (vs. USA’s 3%), India is a well-recognized emerging country on the global stage.
• It’s notable that India’s 2010 nominal GDP* of $1.43 trillion was equal to USA’s $1.43 trillion in federal government spending on Social Security, Medicare, and Medicaid.
KPCB
www.kpcb.com
Note: *Nominal GDP is not adjusted for purchasing power parity (PPP). Population and GDP data per IMF.
USA Inc. | High Level Thoughts 44
www.kpcb.com
Note: *Nominal GDP is not adjusted for purchasing power parity (PPP). Population and GDP data per IMF.
USA Inc. | High Level Thoughts 44
HOUSE_OVERSIGHT_020863
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