Dick Armey's Social Security Fix: Let People Opt Out

Dick Armey is pushing an unusual way to balance the budget.

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Dick Armey, an adviser to both the Tea Party movement and to the Republican Party, is pushing an unusual way to balance the budget and fix Social Security and Medicare: Let people quit the programs. Armey, head of FreedomWorks, predicts it would be so popular that Social Security rolls would be halved within three weeks. "Let it be voluntary," he says. Mostly the wealthy, he reasons, would take their tax money and invest it in their own retirement and health insurance accounts.

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