Sometime you really have to acknowledge, like it or not, that social security is here and it's not going away.
If we have to give up the Constitution, then what the #3!! is left to fight for?
Under current law (unconstitutional) payment into social security is mandatory. The government does not give you a choice. If that is anybody's idea of a contract, somebody is out to lunch. If social security is the red hot, be all-end all, that liberals and Democrats would have you believe, why do they fight tooth and toenail to keep participation mandatory? In a country that alleges that it is free, how can government dictate or require that anybody participate in social security. The concept is obscene, not to mention, insane. Cato provides a plan of how participation in social security can be voluntary. With some modification, it can be made to work.
The United States is currently borrowing 2.5 billion dollars every day. This borrowing is required to meet our current cash flow needs as a nation (government + business + individuals + organizations, call it America, Inc.). The unfunded liabilities of social security will begin maturing in the fall of 2008. The unfunded liabilities of Medicare will begin maturing in the fall of 2012. The US Comptroller of the Currency is already on record as saying the US nor any other economy has ever grown at a rate that would be needed to amortize these unfunded liabilities when they begin to mature. What new technology or industry, on the horizon or over the horizon is going to put enough Americans to work with high enough paying jobs to amortize those unfunded liabilities when they begin to mature?
At the point those liabilities begin to mature, our country which is cash flow negative to the tune of 2.5 billion per day will have another 1.5 to 2.5 billion dollars a day need for more cash. Who will loan it to us? Why would anybody loan it to us? If government tries to print its way out of insolvency, what will happen to the wealth of every American? It would go up in smoke exactly as if the government had set fire to our currency, which is exactly what printing money does. Wealth goes up in smoke. At that point, government's only option will be to start selling chunks of land that it owns. Prospective buyers are going to want something of value for their money- empty desert won't cut it. If I were a Japanese industrialist with mountains of cash and looking for a place to invest it, I would want to buy oil deposits in ANWAR, red wood forests in California, or maybe a National Seashore, all parcels where I can get some return on my investment. When enough Americans realize that our cash flow is irrevocably in the red and that we are bleeding precious assets to pay for mandatory programs that were nothing more than ways politicians bought votes so that the politicians could stay in office, not to mention that the programs were flat out insane to begin with, how long do you think it will be before there is blood in the streets or these programs are ended? Social Security, Medicare and all the other evil socialistic programs are going to come to an end or the United States is going to come to an end. Apart from fantasies, there aren't any other alternatives.