Atrios at Eschaton:

Crisis

We can debate whether this would be the best way to deal with long term funding issues for Social Security -- as long as Republicans are running around calling the trust fund a "myth" it quite clearly isn't. And, in any case, I'd prefer at least a modest increase in the income cap if we're going that way. However, here's the economy-destroying measure which would make the program able to pay fully promised benefits for the next 75 years: