What Might a Turnaround Expert Consider?: ----s- sess sees eee 221

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 HOUSE_OVERSIGHT_020829