Knowledge at Wharton

Think the Credit Crisis Is Bad? Coalition Sees Bigger Problems Down the Road


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A ”Fiscal Wake Up Tour” is warning voters that today’s financial crisis is a mere ripple compared to the tsunami that will wash over the U.S. Treasury as millions of Baby Boomers demand what they have been promised by Social Security and Medicare. The tour sponsored in part by Wharton’s Business and Public Policy Department was organized by a bipartisan coalition concerned about the unchecked growth of entitlement programs and ever-deepening federal debt.

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