Originally Posted by qtiger
No projection has seen the program bankrupt. The worst projections predict that it will only be able to pay out 75% of benefits, which is still a good short better than the guaranteed benefits under a privatized system. Once the baby boomers have all died off, the program will be solvent again.
Solvent again

which implies that it is insolvent now. Your rebuttal to my criticism supports my position more than yours, social security needs a bit of fixing. Clearly you agree something should be done, when you responded to my statement, you listed some of the things wrong with it.
One of the ways to impact the solvency of the program is to remove the cap. Which has people paying a huge chunk of money in and getting a small piece back to subsidize the poor management of the program and allow the program to continue paying the rapidly growing elderly population. Sure, you have the wealthy person paying the same percentage of income, but there is an upper limit on benefits too, so he won't recover all he put into it, making this unfair. You could also raise the retirement age, which would help some, but this will not go over well with the AARP crowd, and they are some voting, politically active MFers. This only addresses the money going out, and there will be less of a pinch if you approach the problem from both sides. There are also people coming in from around the world because we have such great "free" healthcare, the Medicare population is going to grow faster and faster(Separate, though closely linked issue).
I personally think we should ditch the whole system and go to a national sales tax, with necessities exempt and some method to give the poor a break, perhaps a rebate to those who make less than $XX. This would allow you to tax illegal aliens and people vacationing here. This would greatly simplify the tax code, which would no doubt piss off the accounting industry. This would also promote savings, because if you don't spend the money, it is tax free. Increased savings provides cash for capital investment, which should help stimulate the economy to offset any shortfalls caused by people saving excessively(As if Americans would ever do that).
I write to Boxer and Feinstein too, but they often don't reply to my correspondence, particularly when they have done or said something really egregious and I call them on it.