When “Queen of the Net” Mary Meeker landed at Kleiner Perkins she added a new initiative: help people understand how certain trends were negatively impacting America. Her first report, USA Inc. contained a 468-slide presentation detailing these shifts. Meeker provided an update on October 24 in San Francisco, and it was yet another eyeopener.
In true Meeker style, USA Inc. is a meticulously crafted, chart-heavy presentation. This one, though, paints a bleak picture. Most startling: America’s entitlement costs accounted for 56% of spending in fiscal 2011, 40 years ago it was just 25%. Here is more food for thought:
- Expenses have exceeded revenue in all but five of the past 47 years.
- 1 in 50 Americans needed Medicaid when it was created in 1965. Today, 1 in 6 do.
- Unfunded and underfunded entitlement liabilities now total $66 trillion.
To read the full, original article click on this link: ReadWrite – Executing On Mary Meeker’s Vision For America: USA Inc.
