Every election cycle the Republicans offer solutions to fix Social Security and every time they're accused of pushing Grandma over a cliff. So I'm with Jazz Shaw: let's never touch FDR's sacred program.
There is, of course, one other alternative. As unpleasant as it may sound, we could just let the system go broke. Continue to reject huge tax hikes while offering packages which would fix it and allowing the Democrats to either block the measures or wait for the President to veto them. Then, when the first set of checks go out which are more than ten percent short the voters will be outside the halls of the powerful with pitchforks and torches. At that point all you can do is wander out to meet them, shrug your shoulders and tell the angry hordes to go speak to the Democrats.I don't know where Shaw gets the 10% figure because it's well-known that when the SS Trust Fund is exhausted, benefits will be cut by around 25% by law. From the Social Security's Trustees report:
Thereafter [after 2034], tax income is projected to be sufficient to pay about three-quarters of scheduled benefits through the end of the projection period in 2089.At which point, I assume the Democrats response will be something like this: