FFS... the PURPOSE of ENTITLEMENT REFORM is to REDUCE benefits

[The Wizard]

112. Some things to consider

Raising the retirement age means more people in the work force competing for wages, thus creating pressure on labor to accept less for services rendered, and by extension lowering living standards for the working class. Early retirement creates job openings for younger people starting families and buying homes. The demand for homes creates more jobs.
Raise the Social Security wage ceiling to ameliorate the ever widening gap between that wealthy elites and the working class. Increase Social Security benefits as a means to put more money in circulation.
Change the tax code to increase taxes on the top 1% with incentives to reinvest in the economy such as starting new businesses or expanding existing ones to create more jobs. The Bush tax cuts for the wealthy elites has been in place for 12 years and the results are self evident. The trickle down effect has been golden parachutes for the top 1% and golden showers for the remaining 99%. It was a failed policy for Herbert (Great Depression) Hoover, and it's a failed policy today.
The cuts that would be most efficient would be in the bloated military budget. There is no real need for an empire with military bases all over the world. If there's a beast that needs starving it's the military industrial complex that has held sway over Congress since Eisenhower warned us about it. This will be difficult as the defense cartel bribes enough legislators to continue authorizing projects and wars for the benefit of those making and taking bribes and putting that money in secret off shore tax havens where it never circulates into the economy.
Maybe it will take angry mobs roaming the streets of Washington bearing pitchforks torches and rope. Let's hope Congress comes to its senses and legislates more for the people and less for the special interests that are gaming the system.