Social Security was never meant to become a person's sole retirement income. It was supposed to be a safety net to prevent retirees from becoming completely insolvent. But it morphed over time into an income guarantee program and as it stands, down the road it won't pay out the full promised benefit sum. That's why changes have to be made. I don't see the Democrats' plan getting anywhere - raising the retirement age coupled with tax increases AND benefit reductions is a political non-starter. We need personal savings accounts but thanks to the demagoguery of the Democrats, no one is going to do something to fix the Social Security problem anytime soon.
(Denny Crane: "Every one should carry a gun strapped to their waist. We need more - not less guns.")