Another article. Same topic.
http://online.wsj.com/article/SB10001424052748703421204576329693085442106.html?mod=WSJ_Opinion_LEFTSecondBucket
Yeah, let's wait till it's out of money completely before we address it.
If we raise a generation to expect only a 75% payout, then they won't have a problem when they get a 75% payout. Problem solved.
Just consider it a simple cost of living fee.
Or in TPS's world, just don't die, and you'll eventually collect your money, and maybe even more. Good thing not having that money at the time you retire couldn't possibly affect whether you live long enough to collect all of your money.