💰 Financial Record

payment

Transaction Details

Amount
USD $5,600,000,000,000.0
Payer (From)
USA Inc. (Government) Linked to USA Inc. (Government)
Payee (To)
Transaction Date
January 01, 1965
Description

Underfunding of Medicare/Medicaid since inception

Additional Details
Date string: 1965-2009
Amount string: 5600000000000
Source document: HOUSE_OVERSIGHT_020883.jpg

📄 Source Document

HOUSE_OVERSIGHT_020883.jpg
ESTATE Collection
View Document
Document Summary

This document consists of two slides (pages 83 and 84) from a KPCB presentation titled 'USA Inc. | Income Statement Drilldown.' The slides analyze US government entitlement spending, treating the nation as a corporation ('USA Inc.'). It highlights the difference between 'unfunded liabilities' and debt, noting that while laws can change, liabilities have historically increased. The second slide presents a chart showing the annual real net income of Social Security, Medicare, and Medicaid from 1940 to 2009, emphasizing a $5.6 trillion underfunding in healthcare entitlements. The Bates stamp 'HOUSE_OVERSIGHT_020883' indicates this document was part of evidence reviewed by the House Oversight Committee, likely in relation to investigations involving financial institutions connected to Jeffrey Epstein.

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