One guy on this thread advocates just what you describe. He wants to raise the retirement age to attain what he calls "actuarial balance" or some such nonsense. He actually thinks it's an insurance policy! And he also actually believes that it's OK for government to go back on it's word. And I'm sure he claims to be a conservative.
Bizarre site sometimes.
social security was supposed to be old age insurance. In reality, it has been functioning like a ponzi/pyramid scheme since the inception of the program ... which is illegal ... except for the social security program.
Pon·zi scheme ( P ) Pronunciation Key (pnz)
n.
An investment swindle in which high profits are promised from fictitious sources and early investors are paid off with funds raised from later ones.
Ponzi scheme = social security system.!