I agree the president's plan for these private accounts ran by the government is idiotic. If they cared about liberty, it would be you can keep that 15% if you want.. and do whatever you want with it.. or opt to keep paying 15% more for a higher check at the end.
The best solution involves freezing the growth of the SS payments.. tying it to the cost of living, instead of the insane measure of tying it to wages like now. I would even go further, slowly reducing the payments relative to the cost of living by 1% every year.
And then over time, as the amount being payed out grew slower then the amount being put in with the payroll taxes.. Then starting to reduce those payroll taxes. Which then puts that money into the free economy, allowing people to do whatever they want with it. Which will help the economy to grow even that much faster.
Great points!!!