Dear Politicians, here is how to fix Social Security. And by fix, I mean extend the multiple decades of solvency it currently has indefinitely.
1) Raise the limit on income taxed from its 2013 maximum of $113,700 to infinity. Make the contributions over, say $1,000,000, really small, like .7%, or .007. On $1M that would be $7,000. If at some point the Trust Fund grows beyond a reasonable limit, say 75 years of solvency, reduce the percentage. That is called being fiscally conservative.
All done! Was that so hard?
Also, Social Security has nothing to do with the budget deficit, so shut the hell up about making budget deals that impact Social Security. Thanks a bunch.