
The best and most practical solution to the Social Security dilemma is simply to allow workers the freedom to choose to opt out of the program or remain in the current Social Security program unadulterated by benefit cuts, COLA chiseling, means testing, higher minimum retirement ages and other re-engineering devices. The federal government has become so bloated that the cost of allowing anyone who wants to remain in the program easily could be paid for without having to alter the program by cutting and reallocating other federal spending, still leaving plenty of room to reduce overall spending. Because Social Security has become such a bad deal, and gets worse everyday, an increasing number of younger workers will opt out, and the program will go the way of the horse and buggy.
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