A Possible Solution to save Social Security

I've been thinking about how to save the Social Security System from going broke.

Here are my 10 suggestions:

(1) "Grandfather" everyone that is already collecting Social Security. 

(2) Take away the "ceiling".   No matter how much you earn, there will be no "cap" as to the deduction for your Social Security.

(3) In order to help the very low income earners, there will be no deduction for Social Security on the first $15,000 earned in any given year for everyone.
(Liberals will like this one.)

(4) No one that hasn't paid into the System will be eligible to collect from the System.

(5) Disability Social Security should be in a separate System and not draining the money from those that have worked for it.  It should not be part of the General Fund.

(6) You must be a Citizen of the United states of America and living in the United States of America, as one of the criteria to collect any Social Security.
No Social Security checks will be sent out of the country.

(7) Anyone collecting Social Security and still working will have their monthly benefit reduced by $1 for every $2 they earn in any given month in addition to their contribution for that month.

(8) Eliminate the early retirement option.   You must be 67 years old before you can collect any money.

(9) A new payment formula must be set in place.   The formula that seems fair would be:
Total Amount Contributed divided by Number of Years of contributions, times 10.
(Example: $40,000 divided by 20 Years = $2000 X 10 = $20,000 per year or $1,666.67 per month in payments)
With a maximum payment of $2,500 per month.

(10) Anyone caught cheating the system must either go to prison for 10 years and/ or pay a $100,000 fine.
This seems excessive but is to discourage fraudulent claims. 

If all of the above were to be implemented, the Social Security System should never go broke.

I know, some of you will scream that this is too limiting...........then you come up with something better.