| --- |
| title: "House Oversight: Estate Documents (Nov 12) (HOUSE_OVERSIGHT_020959)" |
| source: "House Oversight: Estate Documents (Nov 12)" |
| sourceUrl: "https://www.justice.gov/epstein" |
| date: "2026-01-01" |
| category: "House Oversight" |
| eftaNumber: "HOUSE_OVERSIGHT_020959" |
| ocrPages: 1 |
| ocrChars: 1679 |
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| parseTier: "external-legacy" |
| engine: "engine undisclosed (ep-nov-12.greg.technology mirror)" |
| externalSource: "greg-ep-nov-12" |
| externalLicense: "not granted" |
| externalCredit: "ep-nov-12.greg.technology" |
| externalUrl: "https://ep-nov-12.greg.technology" |
| --- |
| |
| Matching Expenses & Revenue: |
| Imperatives & Constraints |
| There are many constraints to making changes |
| - ~90 million citizens (29% of Americans)' have grown accustomed to entitlement |
| programs - 47MM on Medicaid, 45MM on Medicare, and 51MM on Social |
| Security, and many of them vote. |
| - Politicians depend on re-election campaigns, which can create conflicts, |
| especially given that only 12% of the population are willing to cut Social Security |
| and Medicare benefits, per Pew survey in 2/11. |
| - Low personal savings rates (near 6% of disposable income in CQ2:10), high |
| unemployment (near 10%) and economic uncertainty, which can limit ability to |
| make radical change. |
| - 14 million healthcare-related workers? have grown accustomed to relatively high |
| healthcare spending. |
| www.kpcb.com |
| Note: 1) as of 2008, excludes double counting of beneficiaries of multiple entitlement programs; 2) as of 2008, per BEA. Source: |
| Social Security Administration, Dept. of Health & Human Services, BEA. |
| USA Inc. | What Might a Turnaround Expert Consider? 235 |
| And Then There's the Constraint of |
| USA Inc.'s Weak Economy |
| [The] typical error most countries make coming out of a |
| financial crisis is they shift too quickly to premature restraint. |
| You saw that in the United States in the 30s, you saw that in |
| Japan in the 90s. It is very important for us to avoid that |
| mistake. If the government does nothing going forward, then |
| the impact of policy in Washington will shift from supporting |
| economic growth to hurting economic growth. |
| Timothy Geithner, Secretary of US Treasury |
| The Wall Street Journal, September 12, 2010 |
| www.knch.com |
| USA Inc. | What Might a Turnaround Expert Consider? 236 |
| HOUSE_OVERSIGHT_020959 |
|
|
