Entitlement Liabilities Social Security, Medicare, Medicaid Spending (All Indexed to Inflation) as % Total Federal Spending 1970-2020E 50% 20% As Percentage of Total Outlays (%) 10% 0% 1970 1978 1986 1994 2002 2010E 2018E Pp Data sources: The Budget and Economic Outlook, CBO 6/10. www.kpcb.com USA Inc. | What Might a T