Epstein Secrets

‘off-balance sheet’ KP responsibilities. U.S. government fiscal year ends in September. Source: U.S. Department of the Treasury, Financial Report on the U.S. Government, 1996 — 2010. (@E) www.kpcb.com USA Inc. | Balance Sheet Drilldown 210 NPV of Unfunded Other Benefits 79 94 97 Lia e 3) Y/Y Growth NE’ Y/Y Growt

tand these responsibilities to get a more complete understanding of the Government’s finances.” Department of the Treasury, “2004 Financial Report of the United States Government” KP Ce USA Inc. | Balance Sheet Drilldown 212 HOUSE_OVERSIGHT_020947 Balance Sheet: USA Inc. Total Liabilities*: $47 Trillion in F2010, or $395,0

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

aid is jointly funded on a pay-as-you go basis by Federal and State general tax revenue. P Note: 1) per Dept. of Treasury, “2004 Financial Report of the United States Government.” (@E) www.kpcb.com USA Inc. | Income Statement Drilldown 82 HOUSE_OVERSIGHT_020882 ...Entitlement Spending: Clarification On ‘Unfunded’ / ‘Net Re

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

ederal Hospital Insurance and Federal Supplementary Medical Insurance Trust Funds,” 8/5/2010 e Department of the Treasury, “2010 Financial Report of the United States Government,” 12/2010 e National Commission on Fiscal Responsibility and Reform, “The Moment of Truth: Report of the National Commission on Fiscal Responsibilit

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