Millions of Americans believe Social Security will be bankrupt by the time they retire; they resent contributing to a system that may never benefit them. Others want to opt out of the system and see to their own retirement needs. The Social Security system has problems . . . but what should we do?

"The answer is obvious," says E.J. Myers. "We must get rid of Social Security as we now know it and replace the system with one based on privatization and consolidation." According to Myers's plan, retirees all 80,000,000 Baby Boomers could receive over $5,000 per month at age 65 instead of the $1,138 per month under the current plan. In addition, his plan would keep all benefits for current recipients, and those about to retire, at the same levels they are today. He projects an investment plan designed to cancel the entire debt (over $400 billion to date) the Treasury Department owes the Social Security Trust Funds.