It is a step towards solving our problems, but it will obviously not help us to maintain a governing majority. Although the whole Social Security system is clearly unconstitutional, nobody has the political will to try to put an end to it, now or in the future. It is a ponzi scheme that will ultimately bankrupt the nation unless we make significant changes. One of the changes is to recognize it as a welfare system and make entitlement based on inability to work or significantly raise the retirement age as Graham has so conservatively suggested. He wants to raise it to 69. I think it needs to be raised to match the current life expectancy tables and it needs to be adjusted periodically to match the current life expectancy tables. Since the current life expectancy as of 1010 is 77.9 years, we need to adjust the date upon which you are "entitled" to social security regardless of your ability to work to 77.9 years and then adjust it at least once every decade.
Will anyone follow my advice? No. To do so would be political suicide. But sometimes you need to jump on a grenade to save your fellow soldiers. We need a congress that is willing to jump on a grenade to save our posterity. That will never happen, so we will eventually go bankrupt.
What we see happening in Egypt today is our future. That is the future we will leave our children and grandchildren when we blissfully take early retirement on their dime.