Social Security
The first, very first, part of addressing Social Security should be to pay back the funds that have been diverted from the program over the years. It's pretty irrelevant where the money to pay back Social Security comes from but it ought to be paid back.
I am completely baffled that Americans at large seems to accept the premise that Social Security is being robbed on funds over decades when it yields more revenue than what is paid out and as soon as the a deficit is on the horizon, may it be fifty years from now, is the program going to get cut. It would be great if the Republicans and the President would apply just a tiny bit of the same logic to the budget deficit.
I am all for private savings. But private savings should be private. The government and governmental programs should not be involved in private savings. That is something the Socialdemocrates of my native Sweden would come up with. It's simply a bad idea to blur the line. Encourage private savings. But that has nothing to do with Social Security.