Table of Contents
About USA ING. ee ii Foreword Ce ee ee ee ee ee eee ee ee ee ee ee ee ee iii Summary Ce 2 ee ee ee ee ee ee eee eee ee ee eee ee ee ee ee ee ee Vii Introduction Pe ee ee ee ee ee ee ee ee ee ee ee ee 5 High-Level Thoughts on Income Statement/Balance Sheet -------:-::-: 25 Income Statement Drilldown ee 53 Entitlement Spending Pe ee 72 Medicaid « - 0 tt tte 94 Medicare « * 0 tt ttt ee 100 Unemployment Benefits Pe ee 121
Social Security Se ee 129
Rising Debt Level and Interest Payments +--+ - sss tt ttt tt tts 142 Debt Level Se 145
Effective Interest Rates Pe ee 161
Debt Composition Pe ee er 168
Periodic Large One-Time Charges +++ +s ttt ttt ttt tt ts 177 TARP = ft tt 188
Fannie Mae/ Freddie Mac =: * : tt tt tt tt ee ee 193
ARRA 2 ot ttt 200 Balance Sheet Drilldown += - st tt ttt 209
CB www.kpcb.com USA Inc. Vv
HOUSE_OVERSIGHT_020828