What would be a good way to fix the social security problem

im doing a debate and im on the negative team and i need a good plan to fix the social security program
      Answer1:Treat the Social Security fund like you would treat any other private insurance fund.
      Answer2:Remove the 100,000 cap. This will make Social Security solvent forever! A slightly milder version would be to exempt 100 to 200k and collect FICA for all wages after 200,000. This also would fix social security forever!
      Answer3:A good plan would be one that uses all the tool in the toolbox to bring in new revenue and reduce outgo. For example, when Social Security was first conceived, the retirement age was 65 and the average life expectancy was 65. Since that time, the normal retirement age has increased to 68 while the average life expectancy has increased to 76. Advances in medicine have not only allowed folks to live longer, but to be more active and available for productive employment. Raising the retirement age (both early and normal) would induce people to work longer, pay more into the system and reduce the outflow.Second, SS funds are invested in low-yield T-Bills. This has two negative impacts - it lowers the interest earned by the trust fund (reducing overall cash balances) and hides the actual deficit spending by the federal government, since it is declared as income on the books. By realigning the trust funds investments away from T-bills and into private issues, the fund could conceivably earn more money (reducing the strain on the fund) while opening up the federal budget to more transparency.One suggestion floated by many is to make the trust fund a series of private accounts, though with the recent decimation of the stock market, fewer are calling for that.One could also increase the SS tax somewhat (if that is a choice, the quicker this happens, the better as it will require a lower increase than if we waited).Also, the government could scale back on benefits. Right now, cost of living increases are based on the Consumer Price Index minus 1 percent. This was put into place because there has been criticism, acknowledged by the Bureau of Labor Statistics, that the CPI overstates inflation. Many observers still believe that he CPI minus 1% COLA is still too high and that the correct adjustment is more in the 1.25 to 1.5% range (which would also save money).One more proposal is to eliminate the cap on Social Security earnings. This would bring under taxation billions of dollars in annual earnings above the cap, creating additional income for the trust fund.While taken separately, each of these changes to the system are dramatic, using each of the changes simultaneously would lessen the impact of any one change on beneficiaries and allow the changes to be individually minimized.
      Answer4:excuse my uninformed question... Isnt your position that you have to defend that the system cant be fixed, or that the fixes that are proposed have flaws...or is it that you must try to defend that the system is broken and needs fixing, if so, privatization is one option, allowing greater personal control of your own retirement benefits (and thus excusing the government from responsibility for them) which means you can win or lose if you invest it in risky options (but a basic benefit will still be guaranteed). alternatively, one could phase out all eligibility for benefits in favor of private retirement accounts, and the welfare system would take over caring for those who cannot work, putting a greater burden on them.tighter qualifications for welfare would eliminate the unworthy poor from the truly disabled and those with limited economic prospects.Ultimately Soc Security is a long term PONZI scheme, since the pool of contributors gets smaller near the end and those seeking to cash in gets greater, forcing the collapse of the flow of resourcesthe 401k or IRA concept seems better equipped to serve those currently working, since they can anticipate the cost of retiring and see if their account will provide the standard of living they hope.If it can, they retire, if not, they keep working and adjust their retirement goals (life expectancy plays into it a lot more, as you must predict spending and earnings on a dwindling balance in your account once you retireit has to do with personal responsibility v. entitlement and government obligation
      Answer5:Switch to the affirmative team and debate whether or not Mcdonalds should bring back the double cheesburger =D.. Squadilah!!!!!!!!!!
      Answer6:Since the pay disparity is so large now raise the cap to $200k.Then laon that money out thru Fannie and Freddie. The interest would be killer. Also Keep the Socail Security Fund out of the General Fund. NO MORE IOWEUs
      Answer7:Social Security needs to return to its basic obligations. Retirement money for workers who have contributed.Instead you have millions of people who never paid a dime into it collecting SSI. That is the drain.