It’s not kicking the can down the road if he plans to attack it immediately.
Congress has to address the issue regardless, just like they did in 1983. It is going to have to be a bipartisan effort. The Dems will probably win the issue again by raising taxes and decreasing benefits. Changing the COLA formula won’t be enough, but it is a way to decrease benefits. The best solution is PAs combined with a small defined benefits program.