[Mr. Jeeves]

...a $66 trillion gap between future U.S. income and promised government expenditures...

Promises are made to be broken...and will be, in this case, regardless. So how about a 50% cut in "promised" Social Security benefits, but in return workers become exempt from Federal and State income taxation when they reach retirement age? They can work as long as they want, and keep all the money they make.

[Myrddin]

That's a better proposal than the "Fair Tax". It would be nice to be able to keep on working with my employer's health insurance benefits instead of being forced onto Medicare at age 65. That is such an asinine policy. I won't have to worry about it for another 14 years.

[Malsua]

workers become exempt from Federal and State income taxation when they reach retirement age?

I think this alone is a fantastic idea. I probably won't live the 30 years I need to so that I can retire..but this is perfect.

hit 65, pay no taxes. I love it.