General Discussion
In reply to the discussion: Obama campaign REFUSES to disclose plans on Social Security, says discussion belongs with senators [View all]Comrade_McKenzie
(2,526 posts)"President Obama and Romney agree that we need to make gradual changes to make sure Social Security stays solvent over the long term. The disagreement is over how to do it and thats where President Obama and Romney have fundamentally different ideas.
President Obama will under no circumstances agree to put your retirement at risk by privatizing Social Security, and he will reject any plan that slashes Social Security benefits. Because Romney opposes any effort to raise a single penny in new revenue, his Social Security plan is forced to rely solely on big benefit cuts to maintain solvency analysis of a similar plan showed current workers would see cuts of up to 40 percent that would badly hurt their financial security.
Romney and Ryan also supported the Bush privatization plan that would have had exposed Social Security benefits to the financial crisis that devastated many pension funds and retirement accounts."