New Ad Campaign Warns of Financial Dangers Dead Ahead
By Ceci Connolly
Folks tuning in to this Sunday's talk shows had better watch out for the icebergs. They are part of an advertising blitz about our nation's dangerous financial straits.
In the TV spot, first a baby iceberg floats across the screen. It symbolizes short-term fiscal woes such as this year's deficit, an expensive economic stimulus package and numerous industry bailouts.
Then a giant iceberg appears, as the narrator intones: "There's a much larger threat: 56 trillion dollars in unfunded retirement and health care obligations, and the over-reliance on foreign lenders that endanger us all."
How to dodge those icebergs? With an "action-oriented bipartisan commission," the ad says.
The spot is all part of a push by the Peter G. Peterson Foundation to urge lawmakers to get serious about the long-term financial health of the United States. And it's timed to coincide with President Obama's "fiscal responsibility" summit at the White House on Monday. Peterson and his right-hand man, David Walker, will be among Obama's 100-plus guests.
If the nation tackles the twin icebergs, the ad concludes, we'll be looking at blue skies.
Posted at 6:52 PM ET on Feb 21, 2009
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