Oddly enough, the Clinton administration back in 1993 had the most realistic approach to “fixing” Social Security in the long run . . . i.e., tax Social Security benefits at current income tax rates. This effectively cut Social Security benefits indirectly without really “cutting” them.
It seems like this approach makes the program into just another welfare program.
Taxing money that they took from you as a loan to pay “benefits” for others that they borrowed from.
While I agree that taxing social security benefits was an indirect reduction in benefits, taxation of benefits will not fix the problem. The rats are committed to continuation of this generational Ponzi scheme. The only way to continue it will be massive taxation. The rats solution is to increase the payroll tax cap. The rats may also propose some benefit reductions with the retirement age.
The other solution is to privatize social security, effectively ending it. The rats adamantly oppose privatization because they realize that social security will become a welfare program. Privatization involves benefit cuts for those who have paid payroll taxes for many years.
A commission is a bad idea. There have been many commissions without any policy changes.