The title of this post is a little misleading since Congress hasn't passed a federal budget in over three years. Nonetheless, one is able to gain insight into the actual revenue and expenses going into and out of Washington and it is not positive.
A recent presentation by Mary Meeker, general partner at Kleiner Perkins Caufield & Byers, at the Ira Sohn Foundation Conference titled USA, Inc, provides detail on the out of balance nature of the federal government's budget. Some highlights from her presentation:
- Expenses exceed revenue.
- Unfunded liabilities.
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| From The Blog of HORAN Capital Advisors |
- Percentage of tax payers versus those receiving government benefits.
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| From The Blog of HORAN Capital Advisors |
The entire USA, Inc presentation is a worthwhile and eyeopening read.
h/t: Dealbook: New York Times
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