, it is likely financed via material increases in public debt levels. Note: *for more details, see James R. Horney, “Recommendation That President’s Fiscal Commission Focus on Gross Debt is isquided, . Data source: White House , . Misguided,” 5/27/10. Dat: White He OMB, CBO. www.kpcb.com ne. | Appendix B kpeb USA I