HOUSE_OVERSIGHT_021073

Total Government + Private Debt in USA — At Historic High of 360% of GDP USA Total Credit Market Debt Outstanding as % of GDP, 1929 — 2009 350% 300% g . ——— oO B 200% , a o 150% —_ s a 3 - 5 100% ——_ ae wa G an" aa Corporates —— 0% 1929 1934 1939 1944 1949 1954 1959 1964 1969 1974 1979 1984 1989 1994 1999 2004 2009 m Households ul Corporates g Financials a GSE m Government KP Source: Dept. of Treasury, Federal Reserve. i USA Inc. | Appendix 463 Appendix Useful Links (@)E) www.kpcb.com USA Inc. | Appendix 464 HOUSE_OVERSIGHT_021073