3
Shared Docs
3
Same-Page
3 / 3
Mentions
t that is focused on the domestic economy. With Congress having a number of incumbents whose constituencies loathe the thought of cuts to Medicare, Medicaid, Veterans' benefits, and Social Security, taking greater risks in national security is a more tangible option. As the nation borrows over $1 trilli
is failure has been greatest. On paper it looked like an economics dream team: Larry Summers, Christina Romer, and Austan Goolsbee, not to mention Peter Orszag, Tim Geithner, and Paul Volcker. The inside story, however, is that the president was wholly unable to manage the mighty brains—and egos—he had as
ic corporation, USA Inc.’s financials are discouraging. True, USA Inc. has many fundamental strengths. On an operating basis (excluding Medicare and Medicaid spending and one-time charges), the federal government’s profit & loss statement is solid, with a 4% median net margin over the last 15 years. But ca
lleagues whose contributions to this report were invaluable. In addition, Richard Ravitch, Emil Henry, Laura Tyson, Al Gore, Meg Whitman, John Cogan, Peter Orszag and Chris Liddell provided inspiration and insights as the report developed. It includes a 2-page foreword; a 12-page text summary; and 460 PowerPoin
ffice (CBO) Long-Term Budget Outlook (6/10). Note that entitlement spending includes federal government expenditures on Social Security, Medicare and Medicaid. Data in our chart is based on CBO’s ‘alternative fiscal scenario’ forecast, which assumes a continuation of today’s underlying fiscal policy. Note t
nt on Federal Employee Pay — Recent Comparisons of Federal Pay to Private Sector are Unfair and Untrue,” http:/www.opm.gov/opm_federalemployeepay/ & Peter Orszag, “Salary Statistics,” http:/;www.whitehouse.gov/omb/blog/1 0/03/10/Salary-Statistics; 3) James Sherk, (@ 2) www.kpcb.com “Comparing Pay in the Fede
Entities connected to both Medicaid and Peter Orszag

Barack Obama
PERSON
United States
LOCATION
Marc Rich
PERSON
George W. Bush
PERSON
Samantha Power
PERSON
Alan Dershowitz
PERSON
U.S. Treasury
ORGANIZATION
Bahrain
LOCATION
General Motors
ORGANIZATION
Freddie Mac
ORGANIZATION
Hungary
LOCATION
Carmen Reinhart
PERSON
Kuwait
LOCATION
Kenneth Rogoff
PERSON
Algeria
LOCATION
the United States Government
ORGANIZATION
Ben Bernanke
PERSON
Reinhart
PERSON
Bureau of Labor Statistics
ORGANIZATIONSocial Security's
ORGANIZATION