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HOUSE_OVERSIGHT_021048

House Oversight Committee
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Consequences of Inaction

KP www.kpcb.com USA Inc. | Consequences of Inaction 413

To Take a Step Back...

e We Asked the Question

— How would public shareholders view USA Inc.?

e What Have We Found?

— USA Inc.’s finances — short-term and long-term, income statement and balance sheet — are challenged. Management’s policies have created incentives to invest in healthcare, housing, and current consumption rather than in productive capital, education, and

technology — the tools needed to compete in the global marketplace.

KP www.kpcb.com USA Inc. | Consequences of Inaction 414

HOUSE_OVERSIGHT_021048