To help shore up the system, Obama prefers to raise taxes.
· 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*