Fiscal Irresponsibilty by the Government?

Here is an interesting article I found on Medical news Today. The US Comptroller was on 60 Minutes about a week agao and spoke of how fiscally irresponsible the Medicare Drug Program was.

The Medicare prescription drug benefit is "financially irresponsible," U.S. Comptroller General David Walker, head of the Government Accountability Office, said in a segment on CBS' "60 Minutes" this weekend, Reuters reports. Walker called the drug benefit "probably the most fiscally irresponsible piece of legislation since the 1960s ... because we promise way more than we can afford to keep." Walker said that $8 trillion would need to be invested immediately to cover the difference between what Medicare will take in and what it will owe to beneficiaries over the next 75 years.

He also mentions how overburdening it will be when the major segment of the baby boomer generation starts to retire. Sounds like a problem?