"change the eligibility
age to 70"
I wish someone would run the numbers on this. It seems the most rationale and you could move it slowly while grandfathering in people within 5 years of eligibility at implementation.
I wish someone would run the numbers on abolishing it. No money in the trust fund. No plan to get more money in the trust fund. This was the first savings plan built into the system. How did it work out? You want more savings after this debacle? It could possibly be a plan to fund the government as the first priority and the recipient secondly. Decide where the cut-off date is and eliminate all FICA taxes for workers younger than that date. That is the only honest choice.