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60 Minutes - Wake Up Call (March 4, 2007)
 
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60 Minutes - Wake Up Call (March 4, 2007)

Format: DVD
5.0 out of 5 stars See all reviews (5 customer reviews)

Price: $17.95 & eligible for FREE Super Saver Shipping on orders over $25. Details
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Frequently Bought Together

60 Minutes - Wake Up Call (March 4, 2007) + The Retirement Savings Time Bomb . . . and How to Defuse It: A Five-Step Action Plan for Protecting Your IRAs, 401(k)s, and Other RetirementPlans from Near Annihilation by the Taxman + Your Complete Retirement Planning Road Map: A Comprehensive Action Plan for Securing IRAs, 401(k)s, and Other Retirement Plans for Yourself and Your Family
Price For All Three: $39.20


Product Details

  • Format: NTSC
  • Region: Region 1 (U.S. and Canada only. Read more about DVD formats.)
  • Studio: CBS
  • DVD Release Date: March 13, 2007
  • Run Time: 12 minutes
  • Average Customer Review: 5.0 out of 5 stars See all reviews (5 customer reviews)
  • ASIN: B000NVI2JM
  • Amazon.com Sales Rank: #68,032 in Movies & TV (See Bestsellers in Movies & TV)

    Popular in this category: (What's this?)

    #54 in  Movies & TV > Television > CBS News Network > 60 Minutes Store

Editorial Reviews

Product Description
Airdate: 3/4/07 - David Walker says: beware, the end is near, but he is neither a nut nor a prophet. Walker is the Comptroller General of the United States, and his job is to audit the country's books. Walker predicts that unless the U.S. changes its fiscal course, it could go bankrupt when its 78 million baby boomers become eligible for Social Security and Medicare. The nation's chief accountant tells Steve Kroft that the U.S. has a fiscal and moral duty to reform its spending.

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Customer Reviews

5 Reviews
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Average Customer Review
5.0 out of 5 stars (5 customer reviews)
 
 
 
 
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Most Helpful Customer Reviews

 
1 of 1 people found the following review helpful:
5.0 out of 5 stars Good DVD and the man makes a lot of sense, May 26, 2008
When my father was receiving medical care, the doctor offered to write a prescription for a walker. He doesn't need a walker, I told the doctor, because he has one at home.

"Don't worry," the doctor replied. "The walker is free."

"Hold on there, bub," I said to Dr. E. Z. Munny. "It's not free. The taxpayers are paying for it."

"Yeah, you're right," he replied with a wry grin, "but they can afford it."

Our system is tottering with the current generation of old people leaning heavily on our over-burdened American budget but what will happen when the BIGGEST generation hits retirement (and becomes eligible for Medicare)?

Walker calls the massive numbers of baby boomers coming into retirement an "actuarial nightmare." People keep living longer and health care costs keep rising and according to Walker, President Clinton made problems much, much worse when he expanded medicare to cover prescription drugs. In this interview, Walker says, "We've promised way more than we can afford to do. We can't afford the promises we've already made."

He also states something I've observed for many years: "We're offering unlimited health care to senior citizens and the system is unsustainable. We're going to have reform our health care system in installments and if we don't it could bankrupt America."

It's a sobering video but very well done and one of the most interesting points is, no-one is contradicting David Walker. All the smart people agree with him. How I wish I could force all 535 members of Congress to sit and watch this film and then give a BOOK REPORT on how they're going to deal with it.
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1 of 1 people found the following review helpful:
5.0 out of 5 stars Govenment coverup with our future, July 3, 2007
This was just what I needed to show to some of my clients. Thanks
!
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5.0 out of 5 stars Any thinking American, June 19, 2008
Any thinking American should see this report. I am not a fan of 60 minutes since they have ruined many lives without accountability or remorse but this is a mandatory watch if you want to secure your future at all.
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Most Recent Customer Reviews

5.0 out of 5 stars The story Washington does'nt want you to hear
David Walker is a true patriot. As the Comptroller General of the U.S. (the nations chief accountant), he was in a position to know the real story of the U.S. Read more
Published 15 months ago by B. Lloyd Bradshaw

5.0 out of 5 stars This is a Must See!
Every taxpayer needs to be aware of the message Mr. Walker is presenting so that pressure is brought to bear on those that can effect the needed reforms to minimize the impact on... Read more
Published 19 months ago by David L. Mastos

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