PRESTOPUNDIT -- "An intense brain-buzz, guaranteed" -- 2blowhards

The case for social security reform by no means depends on the existence of a crisis. Social Security as it exists is extremely bad public policy. A reform package like Cato's is both a practical and moral improvement. It eliminates the budgetary burden of social security over the long haul. It places retirement largely outside the fickle, unstable and risky context of politics. It meets a demand of justice in expanding and strengthening property rights over the fruits of one's labor. It meets a demand of justice by creating a system where people internalize responsibility for their own long-term welfare. It meets a demand of justice by broadening the class of stakeholders in a healthy, stable, high-growth market liberal order.