Our Terms of Service and Privacy Policy have changed.

By continuing to use this site, you are agreeing to the new Privacy Policy and Terms of Service.

10 of 22
BACKNEXT
Social Security
To help shore up the system, McCain favors individual accounts and reducing benefit growth. Obama prefers to raise taxes.

· Supplement Social Security benefits with individual investment accounts.

· Prefers slowing the growth in benefits to raising taxes.

"...You have to go to the American people and say...we won't raise your taxes. We need personal savings accounts, but we [have] got to fix this system." -- McCain*
· Opposes individual investment accounts.

· Against raising retirement age.

· Favors increasing the amount that workers making $250,000 or more pay into the system. Considering plan to tax income over $250,000 at between 2% and 4% - half of which would be paid for by the employee and half by the employer.

"We will not privatize Social Security, we will not raise the retirement age, and we will save Social Security for future generations by asking the wealthiest Americans to pay their fair share." -- Obama**




NEXT: Medicare
Last updated October 29 2008: 12:15 PM ET
Source:
*Oct. 21, 2007, GOP Debate, Orlando, Fla.
**June 9, 2008, Speech, Raleigh, N.C.
More Galleries
15 top-paid CEOs The 15 highest-paid corporate chiefs in America took home nearly $700 million last year -- about $47 million apiece on average. Expedia's Dara Khosrowshahi tops the list -- with $95 million in total pay. David Zaslav, who was no. 1 last year moves down to no. 15 this year. More
Driving Bentley's new SUV Spending an afternoon in Bentley's luxurious new $230,000 SUV. More
Best cars for the super-rich The Robb Report has selected these as the best new cars and SUVs for anyone who doesn't have to worry about how much they spend. More

Special Offer