Things are happening, apparently, as I'm sure you all have heard.
I'm cautiously optimistic. I'm very glad they sound like they're adding entitlement reform to this. That is essential for any long-term solution. If they would actually grab the "third rail of politics" it would be very impressive. Medicare is a lot more problematic in this respect than Social Security, although the Social Security reforms sound fine as far as I can tell.
One lingering concern of mine is what this will do to the deficit in the next year or two. Hopefully this is a long-term, entitlement/revenue reform package.
If all else fails, we could always try this:
An Axiomatic Case for the Flat Tax
52 minutes ago