It will be interesting to see what happens for sure, but in my opinion they aren't going to touch Social Security, or do anything that would impact the "senior vote".
I certainly like the idea of reeling in federal salaries.
I also think that they will likely bring in a whole slew of stealth taxes, i.e. phasing out all sorts of tax credits and other goodies like Clinton did.
I would like to see the AMT eliminated for both individuals and corporations.
I know the largest items of Federal spending are defense, Medicare and Social Security.
I just remembered, I was watching CNBC the other day and Robert Reich and that other economist they always have on, with the glasses and the bowtie, were arguing about this. I wish I had recorded it because they both brought up some really great ideas for cutting spending. They both agreed that defense and Medicare needed to be cut but couldn't agree on exactly what. Reich wanted to keep Social Security the way it is and the other economist wanted to see more of a privatized system.
I certainly agree that Social Security ought to have a private option, why shouldn't you be able to?
Anyway, I know this didn't really add anything, just wanted to be a part of the discussion.