Epstein Secrets

Congressional Budget Office OMB Office of Management and Budget EFSF European Financial Stability Facility FICA Federal Insurance Contributions Act EU European Union IMF International Monetary Fund IF Institute of International Finance ECB European Central Bank EMU European Monetary Union AMT Alternative Minim

'89 '92 '95 '98 ‘01 '04 ‘07 '10 Source: Empirical Research Partners. Michael Cembalest Chief Investment Officer CBO Congressional Budget Office OMB Office of Management and Budget EFSF European Financial Stability Facility FICA Federal Insurance Contributions Act EU European Union IMF International Monetary Fund IF Institute

ent as % of GDP, 1999 vs. 2009 Dg mm mm — me me — ae a = = Hm a Q 0) 5 m= 2009 = 1999 Ry EET, NI m2 se aa me a ee sce ee est te see ea a a a a a & European Union 2009 Average = 17.1% o 2 —* -@2 -3 - ga -#)- 93 -» - g----------------: £ ° (0) > 2 Ko] @ a 10% | ili: i a 2 we a < C7) [a] & 5% T T

e government receives on loans and cash balances and by earnings of the National Railroad Retirement Investment Trust. See budget function and debt. Office of Management and Budget (OMB) — White House office responsible for devising and submitting the president’s annual budget proposal to Congress. Organization for Economic Co-

Spanish Academy George Vassiliou, Member of Parliament and leader of United Democrats, head of the Negotiating Team for the Accession of Cyprus to the European Union, former President of the Republic of Cyprus, Nicosia Franco Venturini, Foreign Correspondent, Corriere della Sera, Rome Friedrich Verzetnitsch, Mem

er Institution, Stanford University; former U.S. Secretary of State; former Secretary of the Treasury; former Secretary of Labor; former Director, Office of Management and Budget (now Governor George W. Bush supporter) C. J. Silas, Former Chairman of the Board and Chief Executive Officer, Phillips Petroleum Company Stefano