HOUSE_OVERSIGHT_021048

Consequences of Inaction (@)) www.kpcb.com USA Inc. | Consequences of Inaction 413 To Take a Step Back... e We Asked the Question — How would public shareholders view USA Inc.? e What Have We Found? — USA Inc.’s finances — short-term and long-term, income statement and balance sheet — are challenged. Management’s policies have created incentives to invest in healthcare, housing, and current consumption rather than in productive capital, education, and technology — the tools needed to compete in the global marketplace. (@)E) www.kpcb.com USA Inc. | Consequences of Inaction 414 HOUSE_OVERSIGHT_021048