I’m going to continue to post graphs and slides from Kleiner Perkin’s “USA, Inc.” report for some time. Here’s some of their text that accompanies this graph: Take a step back, and imagine what the founding fathers would think if they saw how our country’s finances have changed. From 1790 to 1930, government spending on [...]
Continue reading about US Federal spending vs. GDP (“USA, Inc.”)
Most anyone in the IT industry for any length of time knows about Kleiner Perkins, one of the most successful venture capital firms in modern times. Well, as it turns out, Kleiner Perkins put its own people to work analyzing the US Federal Government as if it were a business, one that Kleiner Perkins might [...]
Despite occasional efforts by progressives to assure us that the deficit doesn’t matter, or doesn’t matter that much, it does. Our country is bankrupt. It’s not bankrupt in 30 years or five years. It’s bankrupt today. Want proof? Look at President Barack Obama’s 2010 budget. It showed a massive fiscal gap over the next 75 [...]
Even as news circulates that Gaddafi may have fled Libya for Venezuela — and I frankly can’t think of two world leaders who more deserve each other than Chavez and Gaddafi, except possibly Kim Jong-il and Mahmoud Ahmadinejad – I find my hopes for these various “street revolutions” tempered by history. We, as Americans, have [...]
Continue reading about Caution on hopes over the Middle East uprisings
Earlier today, a good friend of mine cited the Federal budget surpluses at the end of the Clinton Administration as an argument for higher taxes. I pointed out that if we had the same Federal budget as Clinton did, we’ve have a surplus, too. Then I put together this chart from a spreadsheet downloaded directly [...]