WASHINGTON (AP) -- Three years after the collapse of President Bush's plan for private Social Security accounts, Republican presidential contenders are eager to try again.
Not so the Democrats, who gravitate toward increasing payroll taxes on upper-income earners to fix the program's finances.
With the notable exception of former Senator Fred Thompson, a Tennessee Republican, presidential hopefuls in both parties shy away from suggestions that might offend their own primary voters. As a result, bipartisan commissions to resolve the program's long-term financial problems are in. And longer waits for retirement are most definitely out.
Thompson's proposal, by contrast, includes lower-than-promised benefits for future retirees, as well as new private accounts to make Social Security solvent for 75 years.
Thompson recently challenged his rivals to come up with a better idea if they have one.
(Copyright 2007 by The Associated Press. All Rights Reserved.)
To comment, the following rules must be followed:
Comments may be monitored for inappropriate content, but the station is under no legal obligation to do so.
If you believe a comment violates the above rules, please use the Flagging Tool to alert a Moderator.
Flagging does not guarantee removal.
Multiple violations may result in account suspension.
Decisions to suspend or unsuspend accounts are made by Station Moderators.
Links require admin approval before posting.
Questions may be sent to firstname.lastname@example.org. Please provide detailed information.
Viewers with disabilities can get assistance accessing this station's FCC Public Inspection File by contacting the station with the information listed below. Questions or concerns relating to the accessibility of the FCC's online public file system should be directed to the FCC at 888-225-5322, 888-835-5322 (TTY), or email@example.com.