About USA ING. ee ii
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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
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