Projected Rise of U.S. Federal Debt to 146% of GDP by 2030

Why Will Debt Level Continue to Rise? Public Debt Projected to Rise 2x Over Next 3 Decades Source: Congressional Budget Office Long-Term Budget Outlook (6/10), Alternative Fiscal Scenario (assuming a continuation of today’s underlying fiscal policy. This scenario deviates from CBO’s baseline because it incorporates some policy changes KP that are widely expected to occur and that policymakers have regularly made in the past). www.kpcb.com USA Inc. | Income Statement Drilldown 153 Net Federal Debt As % of GDP Debt Level: Projected to Rise 3x Over Next 2 Decades, per USA Inc.’s Own Estimates USA Public Federal Debt as % of GDP, 1982 — 2030 2030E Federal Debt = 146% of GDP 2010 Federal Debt = 62% of GDP 0% 1982 1986 1990 1994 1998 2002 2006 2010E 2014E 2018E 2022E 2026E 2030E Source: Congressional Budget Office Long-Term Budget Outlook (6/10), Alternative Fiscal Scenario (assuming a continuation of today’s underlying fiscal policy. This scenario deviates from CBO’s baseline because it incorporates some policy changes that are widely expected to occur and that policymakers P have regularly made in the past). (@E) www.kpcb.com USA Inc. | Income Statement Drilldown 154 HOUSE_OVERSIGHT_020918