The September, 2005 issue of The Freeman: Ideas on Liberty, published by the Foundation for Economic Education, had a few articles about the U.S. Social Security system. At first thought, most people, especially the elderly, recoil in horror when someone mentions eliminating or privatizing social security. Unfortunately, they react with emotion because they haven't done any research that may present alternatives. They also believe they're entitled to a check since they've been paying into the system for many years.
Richard Ebeling, the president of the foundation (fee.org) writes in the lead article how the sale of federal land could finance the system for quite some time. In fact, the government owns a little more than one-fifth of all the land in the country, about 507 million acres. His ideas seems plausible, as are others that offer ways toward privatization. Readers, please discuss the topic and investigate. David Walker, the Comptroller General of the United States, has been discussing this issue in his "Fiscal Wake-Up Tour." He has traveled to many universities and other forums to let people know that the U.S. is headed for a financial meltdown. His powerpoint slide shows are available at gao.gov.
It's time to be informed and save the future for our children.
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