Social Security and payout

[beej]

From what I've read addressing the Social Security solvency issue is not that complicated. Take the following steps and we're there:
1) Remove the cap on SS taxable earnings (curently $110,100); and
2) Raise the full retirement age by one year over the current age (67 if born after 1960); or
3) Increase FICA on employee and employer by 1/8 of 1%.

The only thing standing in the way of a legit fix for SS is political posturing.