Are you willing to recommend cuts to Social Security?
SIMPSON: We’re not going to cut Social Security—we’re going to stabilize it. None of the ideas that have been presented will affect anyone over age 58. But we’re going to make the system work. As it is, it can’t sustain itself.
So they're only going to cut it for people under 58. The system can sustain itself, if current projects are correct, by paying promised benefits out in full until 2036 and then could pay 76% of scheduled benefits after that.
The catfood commission is not about "saving social security," it's about stealing from a regressive tax so that rich people don't have to pay more in taxes.