Federal Drug Plan Is `Fiscally Irresponsible' ; Comptroller General's Criticism Ripples Through Congress.

Summary

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JEFFERSON CITY - Lawmakers are taking stock of a televised report that details how Medicare's prescription drug program could spur a financial crisis in the United States.

Steve Kroft, a reporter with the CBS program "60 Minutes" interviewed David Walker, comptroller general of the General Accounting Office, about what he calls an impending budgetary crisis. The segment aired Sunday. Walker is on a nationwide speaking tour to warn of severe consequences without significant reforms to entitlement programs.

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Federal Drug Plan Is `Fiscally Irresponsible' ; Comptroller General's Criticism Ripples Through Congress.

One of the most substantial threats, Walker said, is Medicare. He predicted budgetary havoc when millions of baby boomers are added to the prog...

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