I think I just solved the Social Security "crisis"...

...but I've only been thinking about it since this morning, so I'm not sure. What if we:

A) Leave employer contributions alone.

B) Cut the employee contribution rate to 2%, get rid of the $90K cap, and make the first $200K of income exempt.

OK, if you make 90K a year, I just gave you about five thou extra a year which you can use to start your own IRA, and the extra 2% for those making over 200K is still less than they were paying during the Clinton years.

Any economists out there to tell me why this wouldn't work? (Besides the obvious fact that no Repub would vote for it, I mean.)