💰 Financial Record
paymentTransaction Details
Amount
USD
$1,400,000,000,000.0
Payer (From)
Social Security Tax Receipts
Linked to Social Security Tax Receipts
Payee (To)
Federal Government Operations
Linked to Federal Government
Transaction Date
January 01, 1984
Description
Cumulative surplus of $1.4 trillion used to fund other parts of federal government operations
Additional Details
Date string:
1984-2008
Amount string:
1400000000000
Source document:
HOUSE_OVERSIGHT_020917.jpg
📄 Source Document
HOUSE_OVERSIGHT_020917.jpg
ESTATE Collection
Document Summary
The document consists of two presentation slides labeled 'USA Inc. | Income Statement Drilldown' (pages 151 and 152), produced by KPCB (Kleiner Perkins). The slides analyze US Federal debt levels, specifically highlighting how recessions and the 1981/2001/2003 tax cuts impacted revenue, and how a $1.4 trillion Social Security surplus (1984-2008) masked the true borrowing needs of the US government. The document bears the Bates stamp 'HOUSE_OVERSIGHT_020917', indicating it was part of a document production to the House Oversight Committee, though the content itself is macroeconomic data unrelated to specific individuals.
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