Social Security is in danger: There’s nearly $80 trillion in unfunded liabilities pending over the next 75 years. This ticking time bomb must be defused before there is a complete collapse.

The Libertarian Party calls for an immediate phase-out plan of Social Security through a 10-year cash-out/buyout system using land grants, asset auctions, and gold as backup in the event cash reserves cannot suffice.

Social security will be completely cut off to new entrants during the phaseout period as alternative options are opened in the market for retirement savings.

For those who wish to have a government-operated retirement portfolio, they can optionally invest their savings into an account with the U.S. Mint in a new profit-sharing program. This program would help fund the U.S. Mint’s for-profit program while enabling those who want to save with the government a chance to make modest returns for retirement.