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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
close to $1.2 trillion over the 2012-22 period. The president just kept ducking the fiscal issue. Having set up a bipartisan National Commission on Fiscal Responsibility and Reform, headed by retired Wyoming Republican senator Alan Simpson and former Clinton chief of staff Erskine Bowles, Obama effectively sidelined its recom
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
— We present policy options from our healthcare experts + 3 party organizations (such as the Congressional Budget Office and National Commission on Fiscal Responsibility and Reform) in an easy-to-understand format to raise awareness and illustrate the financial impact of policy decisions. CB www.kpcb.com USA Inc. | What Might a
T TT TT TTT TT (1 1960 1964 1968 1972 1976 1980 1984 1988 1992 1996 2000 2004 2008 Note: Total government spending on healthcare includes Medicare, Medicaid and other programs and total government spending on education includes spending on pre-primary through tertiary education programs. Source: Dept. of
s a tax system that taxes only income that is created within the borders of a specific territory (usually a country). Source: National Commission on Fiscal Responsibility and Reform, “The Moment of Truth: Report of the National Commission on Fiscal Responsibility and Reform,” 12/1/10. Note that the Report also identified two oth
Entities connected to both Medicaid and Fiscal Responsibility and Reform

Barack Obama
PERSON
United States
LOCATION
George W. Bush
PERSON
Samantha Power
PERSON
Ghislaine Maxwell
PERSON
Venezuela
LOCATION
Federal Reserve
ORGANIZATION
Bahrain
LOCATION
General Motors
ORGANIZATION
Freddie Mac
ORGANIZATION
Tunisia
LOCATION
Hungary
LOCATION
Kuwait
LOCATION
Algeria
LOCATION
Carmen Reinhart
PERSON
Kenneth Rogoff
PERSON
the United States Government
ORGANIZATION
Bureau of Labor Statistics
ORGANIZATION
Reinhart
PERSON
Rogoff
PERSON