1. More taxes. Raise taxes in 2010 and then continually.

2. Fewer benefits. Reduce the initial benefits amount, beginning in 2000, for all new retirees, especially the high-wage earners, whose benefits would go down by 18% (versus a 6% cut for low-wage earners).

3. Later retirement. People can just work longer by gradually raising the retirement age to 69 by the year 2027.

4. Tax more income. Bring in more payroll taxes, starting in 2000, by raising the maximum taxable income from a projected $76,000 to $114,000 (now it's about $62,000). Translation: People making this amount pay the same amount of Social Security taxes as people making more.

5. "A little bit of everything." Suggestions from this category: reduce the initial benefit for high and average wage earners starting in 2000, and raise the retirement age to 67 in 2015.