Can you prove this?
Historically, people will spend the money or put it in the stock market. When the market crashes, they have to go to the poorhouse.
People forget that Social SEcurity was invented so that people would get off the government dollar; they wouldn't have to rely on government hospitals, poorhouses, or welfare in their retirement. It was all about personal responsibility.
Plan for eliminating the national debt in 10-20 years:
Specific cuts; defense spending: http://rolexian.wordpress.com/2011/01/03/more-detailed-look-a