Last week, the first official Baby Boomer applied for Social Security, marking the start of what a broad array of groups says is an economic calamity in the making. Today, David Walker, the Comptroller General of the United States, brought his “Fiscal Wake Up Tour” to Hartford. He pointed out that Social Security, Medicare and Medicaid already eat up 42 percent of the federal government budget. Unless changes are made to the nation’s retirement benefits programs, those services will engulf the government’s ability to pay for them in less than two decades. Walker was joined on his educational campaign by representatives of the liberal Brookings Institution, the conservative Heritage Foundation, and the non-partisan Concord Coalition. His appearances were sponsored by the Connecticut Society of CPAs.
Â
