What if the U.S. government had to file a 10-K, an annual report required by the SEC that provides a comprehensive summary of a company’s financial performance?
It was that curiosity which led Los Angeles Clippers’ owner and businessman Steve Ballmer to launch USAFacts, a comprehensive database on the American population, government finances and their impact on society. It combines data from more than 50 government sources on the federal, state and local level.
“I got interested in the context of learning about the way government serves kids who group in disadvantaged situations. And it was hard to find the numbers I was looking for. And I thought, jeez, if it was a company I’d look for the 10-K. And I couldn’t find anything like that,” Ballmer said Tuesday on “CBS This Morning.”