Partially Privatizing Social Security: Gathering Momentum?

By: AP
By: AP

WASHINGTON (AP) -- Most of the top Republicans running for
president are embracing plans to partially privatize Social
Security.

They're reviving a contentious issue that fizzled under President George W. Bush after Democrats relentlessly attacked it.

President Barack Obama so far is sidestepping the issue of how
to keep retirement and disability programs viable.

Most of his potential rivals support plans that would let younger workers divert part of their payroll taxes into some type of personal account to be invested separately from Social Security.

Mitt Romney has a version. Michele Bachmann and Ron Paul have
said younger workers should be allowed to invest in alternative
plans. Rick Perry has raised the idea of letting whole groups of
people, such as state and local government workers, opt out of
Social Security.


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