While I am very grateful for many services that the government provides, I feel that the American people should be provided with options regarding the funds they are currenty paying into Social Security. Frankly, we the people can do better directing our funds. Allow Americans 50 or younger the option to opt-out of Social Security - solvency issue resolved.
I am not recommending that the federal government invest Social Security trust fund money in the stock market - adopt the structure of a defined-contribution plan by giving individuals the option to redirect payroll taxes to accounts that they would own and invest.
Defined-contribution plans that allow workers to put their retirement money into personal accounts that offer greater returns and individual ownership of retirement savings.