Privative. Keep anybody who is already on Soc Sec, and those within 10 years of retirement, on the old plan. Then, institute a privated plan for younger folks. Put their money into a personal savings account that would go to their spouse and/or children if they don’t live to retirement. Designate a small percentage of their retirement into a pot for those not so lucky. Younger people will make out much better than we older folks.
Whatever you think of him, this was the plan that Bush 2 had proposed, but the dems used the old canard that ‘republicans want to throw grandma over a cliff” At least he had the guts to try to solve this problem. This could have been addressed then.
Seriously?
Do you not remember that George W. Bush and Republicans floated this almost exactly? And what was the Democrat's response, with the high-pitched squeal of the corrupt MSM?
Over and over again Democrats used the focus group tested phrase that the Republican's SS plan was a "risky scheme". They used that exact phrase over and over again... and the attempt to fix SS was killed by skittish Republicans who ran freaked-out scared.