If we don't completely destroy the Democrat party, WE'RE. TOTALLY. SCREWED.
4:46 PM
KPCB's Mary Meeker has created an extensive report (266 pages) on America's fiscal condition, evaluated as if it were a business. The resulting picture is, to put it bluntly, disturbing.
By the standards of any public corporation, USA Inc.’s financials are discouraging.
[Image]True, USA Inc. has many fundamental strengths. On an operating basis (excluding Medicare and Medicaid spending and one-time charges), the federal government’s profit & loss statement is solid, with a 4% median net margin over the last 15 years. But cash flow is deep in the red (by almost $1.3 trillion last year, or -$11,000 per household), and USA Inc.’s net worth is negative and deteriorating... the trends are clear, and critical warning signs are evident in nearly every data point we examine.
[Image] [Image] [Image] [Image] [Image]This analysis can’t ignore our dependence on entitlements. Almost one-third of all Americans have grown up in an environment of lean savings and heavy reliance on government healthcare subsidies. It’s not just a question of numbers – it’s a question of our responsibilities as citizens…and what kind of society we want to be.
"State of USA, Incorporated"
2 Comments -
Another homer
MM
5:21 AM
If we don't completely destroy the Democrat party, WE'RE. TOTALLY. SCREWED.
4:46 PM