So at a meeting with Mr Cardoso this week, congressional leaders promised greater urgency on constitutional amendments aimed at tackling Brazil's rigid and generous entitlement system, which is the root of its fiscal problems.
Add to that a generous entitlement system allowing unemployed and unemployable citizens an income well above that achieved by full time employees in the private sector in many European countries, and you will observe a need for tax revenues nearly unmatched anywhere else in the world.
Millions of current pensioners, and those who qualify before the cut-off date, will continue to receive their entitlement under the current system.
Though Dychtwald, 61, is an optimist, insisting there are nearly endless untapped opportunities for product manufacturers and financial services companies to produce everything from over-50 dating services to longevity insurance, in his sober moments he fears the coming burden on the health care system and entitlement programs.
In return, the Ohio Republican, who is his party's chief negotiator in the talks, wants spending cuts and reforms to entitlement programs as well as the tax system, the source said.
They included "the complexity of the system, lack of knowledge of entitlement, a perception of being stigmatised by the receipt of benefit and physical or other difficulties in the processes of claiming".
Both conservatives looking to pare back entitlement spending and liberals hoping to make the tax system more progressive should be willing to sign onto reforms that flip this equation.
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On the entitlement side, the plan would make the Social Security system more progressive (meaning people who have earned more during their lifetimes get fewer benefits), and it would eventually raise the retirement age to 69 by 2050.
Indeed, even if the President chose to press for more borrowing or printing, he could, at best, only do so in support of the existing entitlement programs as it would take an act of Congress to expand the system.
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Prime Minister David Cameron said the system had gone "truly awry" and a "culture of entitlement" had to be addressed to boost the economy.
He thinks the public option is going to create a new entitlement program that is actually going to result in increased cost in the health care system.
An extraordinary 88 percent endorsed a bipartisan agreement that would put all possibilities on the table including tax and entitlement reform with the goal of generating a pro-growth, free market economic system that creates new jobs.
The new terms include a reduction in full sickness pay entitlement, freezing the performance related pay scheme and replacing the use of a national pay bargaining system with a local one.
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Our entitlement programs will bankrupt the next generation if this generation chooses not to act, and our tax system limits our economic growth and our global competitiveness.
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