Speaking of Social Security, the only solution that works for the next generation is to allow young workers to put their payroll tax dollars into private 401k accounts. Congress says the idea is “too risky.”

Really? A new study by Dan Mitchell and Robert O’Quinn for Canada’s Fraser Institute, finds that “16 of 38 OECD member states have shifted at least in part to ‘funded’ plans based on private savings. This approach is automatically immune to demographic changes.”

Changes like the rapid aging of the population are now happening in the United States.