What Might a Turnaround Expert Consider?: ----s- sess sees eee 221
High-Level Thoughts on How to Turn Around USA Inc.’s Financial Outlook - --- 237
Focus onExpenses - ++ ttt ttt ee 953
Reform Entitlement Programs «++ ss ttt ttt tt tt te 255
Restructure Social Security - + - tt ttt ttt es 256
Restructure Medicare & Medicaid --- +--+ +--+ rrr eter eee 268
Focus on Operating Efficiency - + ss ttt ttt tt tt ee 329
Review Wages & Benefits ---- str es 335
Review Government Pension Plans -- +--+ +++ + +r rrr tree 338
Review Role of Unions ---: +: ct ttt ttt ee 342
Review Cost Structure & Headcount ---- +++ etree 345
Review Non-Core 'Business' for Out-Sourcing ----- +--+ rrr 349
Focus on Revenues «+++ ttt ee 355
Drive Sustainable Economic Growth -- +--+ tr rt ttt ee 356
Invest in Technology / Infrastructure / Education --- +s sss: 366
Increase /Improve Employment ---- +s sett t ttre 383
Improve Competitiveness -- +s ttt ttt ttt es 389
Consider Changing Tax Policies «+++ ttt tt tt tt tt ee 395
Review TaxRateS -- ttt e e 396
Reduce Subsidies / Tax Expenditures /Broaden Tax Base -:-::::: 400
Consequences of Inaction: ------ ett ttt 413
Short-Term, Long-Term «st ttt ttt ee 415
Public Debt, Net Worth vs. Peers = st ttt tt ttt 416
Lessons Learned From Historical Debt Crisis - -- +--+ +++ eet etree 422
General Motors -- tt tt 431
Summary «ct ee 437
Appendix -- ss ttt 453
Glossary «tt ee xix
Index + # © #e eee we eee ew Ew ww ew ew ew ew ee ee Xxvii CB www.kpcb.com USA Inc. _ vi
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