Digby: Lessons For Today

Here are two very important pieces of relevant information that are not well understood even by many liberals. The first is about the stale trope that the ratio of workers to retirees was once much much higher and has shrunk to an unforeseen, unsustainable level. The second is about the idea that patients are "consumers" who need to be making "smarter choices."

Scott Hochberg:

On Face the Nation this Sunday, Sen. Mark Warner was asked by host Bob Schieffer why his ‘Gang of Six’ would take on Social Security reform in their forthcoming budget proposal. His response reflected a commonly-held myth about Social Security’s history that greatly exaggerates the changes in the worker-to-retiree ratio between 1950 and today. Warner gave as his rationale the popular refrain that "part of this is just math: 16 workers for every one retiree 50 years ago, three workers for every retiree now."