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.)
While WVLT allows comments on articles, we ask that you respect the online community. Comments may be removed at any time for violations including:
Comments may be checked for inappropriate content or rule violation, but the station is under no legal obligation to monitor or remove comments. If you believe a comment violates the above rules, please use the Flagging Tool to alert a Moderator.
Flagging does not guarantee removal.