KPCB authored the 'USA Inc.' report analyzing federal finances.
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This document consists of pages 35 and 36 from a KPCB presentation titled 'USA Inc. | High Level Thoughts'. It presents a financial analysis of the US Federal Government, treating it as a corporation ('USA Inc.'). The slides compare structural versus cyclical operating deficits between 1996 and 2010, highlighting a massive increase in structural loss, and provide a glossary translating economist terminology (e.g., Structural Deficit) into equity investor terminology (e.g., Cash Flow ex. One-Time Items). The document bears a 'HOUSE_OVERSIGHT' Bates stamp.
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