(-$273B Net Loss*)
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Entitlement
Spending
Medicaid
(-$273B Net Loss*)
Medicare
(-$272B Net Loss*")
Unemployment
Benefits
(-$115B Net Loss*)
Social Security
(-$75B Net Loss*')
Rising Debt
Level & Interest
Payments
Effective Interest
Rates
(2.2%)
Debt Composition
Periodic Large
One-Time
Charges
TARP
($26B Net Profit*2)
Fannie Mae /
Freddie Mac
(-$41B Net Loss*)
ARRA
(-$137B Net Loss*)
Note: *denotes F2010 net income / net loss of respective programs, data per White House OMB. 1) Medicare and Social Security net loss
excludes Trust Fund interest income. 2) TARP net loss includes proceeds from sale of warrants. TARP is Troubled Asset Relief Program; ARRA
(@)E) www.kpcb.com
is American Recovery & Reinvestment Act programs.
USA Inc. | Income Statement Drilldown 145
Debt Level: Highest (as % of GDP) Since World War II
and Rising Rapidly
USA Federal Debt Held by the Public’ as % of GDP, 1940 — 2010
< World War Il
80% ----|
60% ~~
Public Debt As % of GDP
40%
20%
0%
1940 1946 1952
1964 1970 1976 1982
1994 2000 2006
Note: 1) For a more-detailed discussion about net debt (Federal debt held by the public) vs. gross debt, see slide 455 to 463
in Appendix. Source: White House Office of Management and Budget.
(@E) www.kpcb.com
USA Inc. | Income Statement Drilldown 146
HOUSE_OVERSIGHT_020914
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