4. Halt all Social Security deductions by employers immediately. Anyone who enters the workforce for the first time after that date gets no Social Security, no way, no how. For everyone else still not retired, the retirement age gets raised to 70. In order to fund the outlays to those who have already paid into the system, wasteful and unnecessary welfare and other "social" spending gets shut down, especially any outlays to illegal aliens. Demand verification of lawful residency or citizenship to claim government benes. Actual SS outlay proportional to number of years paid in (e.g. in order to accomodate the differences in years of deduction between those who just entered workforce at effective date Vs those older). Etc. It can be done, but welfare babies, whiners and others unwilling to bite the bullet need to be ignored.
There is an alterative to generational warfare, or, an excessive burden on future wage earners. This alternative would end the Social Security program over a period of about 55 years, but most of the decrease would be during the first 25 years. Let us not forget that Social Security was only supposed to be Depression Era stopgap, but once the "FDR Democrats" siezed on it, it was made into a birthright. See referenced post for details. I am quite serious about this. IMHO it ought to be pushed in Congress.