Epstein Secrets

old of 90 percent of GDP. Above 90 percent, median growth rates fall by one percent, and average growth falls considerably more. We note that while Reinhart and Rogoff’s observations are based on ‘gross debt’ data, in the U.S., debt held by the public is closer to the European KP countries’ definition of

e 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 What

shold of 90 percent of GDP. Above 90 percent, median growth rates fall by one percent, and average growth falls considerably more. We note that while Reinhart and Rogoff’s observations are based on ‘gross debt’ data, in the U.S., debt held by the public is closer to the European countries’ definition of gov

One-Time Charges to USA Inc. ($B) F2008 F2009 F2010 YTD* 4 Years Government-Sponsored Enterprises (GSEs) $14 $97 $41 _ $152 Fannie Mae -- 60 23 -- 83 Freddie Mac $14 37 18 — 69 Troubled Asset Relief Program (TARP)* - $261 -$26 -$23 $213 Banks -- 134 -85 -28 21 Automakers -- 78 -6 -14 58 AIG -- 49 -- 20 69 Indi

old of 90 percent of GDP. Above 90 percent, median growth rates fall by one percent, and average growth falls considerably more. . We note that while Reinhart and Rogoff's observations are based on ‘gross debt’ data, in the U.S., debt held by the public is closer to the European countries’ definition of gov

s including the Social Security Trust Fund and federal employee / veterans’ pension fund) + net liability of GSEs (related to likes of Fannie Mae and Freddie Mac). - Represents a claim on both current and future resources. e We Focus on Public Debt Levels - Public debt is the base for calculating net interes