Evan Bayh wants to cut your Social Security benefits

In a response to the State of the Union address, Indiana Senator Evan Bayh said:

"However, any plan that increases our debt, diverts Social Security money into private accounts, or changes the very nature of Social Security is not a solution."

So, Senator Bayh has either supported cutting Social Security benefits or raising taxes. There are only three things we can do to fix Social Security, cut benefits, raise taxes, or restructure Social Security to eliminate the future deficiency. Bayh eliminated the third choice, so what's left?

Update: If demographics change considerably (life expectancy shortens, or population increases), then Social Security won't be in trouble. But it makes no sense to expect this turn of events.