-5% fe) -10% Stat -200 ate age 15% 400 Equities 2004 2005 2006 2007 2008 +2009 2010 2011 2007 2008 2009 2010 2011 2012 Source: US Census. Source: Investment Company Institute. OK, so the US economy is improving, but is still heavily dependent on monetary and fiscal stimulus to grow, and the only belt- tightening one can f

ts that corporate turnaround experts might use as starting points when looking at some of USA Inc.’s business model challenges. Source: 1) 2008 ICI (Investment Company Institute) / SIFMA (Securities Industry and Financial Markets Association) Equity and Bond Owners Survey; 2) Number of tax returns with positive tax liability