How about this? We stop borrowing our sovereign money, eliminate the deadweight Social Security payroll tax altogether, which is 12.4% (half employee, half employer, typically), and simply fund social security payouts directly with debt-free money. Since we would be now saving money by cutting out bond-buying middlemen and paying interest payments to banks, and since we know seniors' demand for goods and services produces more national income than it takes out (see above), why not give seniors a raise while we're at it? The cost of living for that group has consistently outpaced general inflation and payments have not kept up.
While we should never spend all our dollars on any particular group, a dollar spent on seniors seems like a remarkably good deal and should be funded with debt/interest-free sovereign money.
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