• Mitt Romney has refused to raise taxes as a means for
enhancing the social security fund because according to him this
would only slow down the economy. He believes that social
security can be balanced through measures like encouraging people
to invest in personal accounts, changing the retirement age and
calculating benefit for wealthy Americans on the basis of
Consumer Price Index.
 
• Mitt Romney has stated that he would excuse any
individual over 65 years of age from Social Security taxes as not
only would it encourage people to keep working but would also
ensure the continued growth of the economy.
 
• Mitt Romney has taken the stand that he is against
cutting benefits for low-income Americans, in favor of tying
Social Security benefits to prices and also in favor of bringing
together various groups of people to work out a solution to
control the rising costs of Medicaid and Medicare. 

• Mitt Romney has expressed support for Obama's proposal
putting the money attached to Social security in private accounts
and has also suggested extension of retirement age and base
indexing on prices rather than wages.
 
• Mitt Romney is of the opinion that Social security and
Medicare are two sectors which are in dire need of reforms and
restructuring and the only way to achieve this would be for all
political parties to sit together behind closed doors and have a
comprehensive discussion without letting things get out of
control.

• According to Mitt Romney, not only should the political
parties be mindful of the expectations of the present recipients
but should also take into account the future. 		

• Mike Huckabee believes that the social security program
is in serious trouble because of increased costs. 

• He proposes to acquire funding for social security with
a 'Fair Tax' because not only does it have a broader base but is
also more stable and reliable than the existent method of relying
only on wage earners.
 
• In his opinion, the retirement funds of the individual
should be personalized and not privatized because privatization
often conjures up images of bankrupt private companies in the
minds of people. Personalization, on the other hand, would enable
the people to have a greater say over their money, would provide
them with an option of one-time buy-out and also release their
dependence on the Government.
. 
• Mike Huckabee has expressed support in favor of former
President Bush's idea of personal retirement accounts which is
designed to enable all Americans to make an investment towards
their future in their inheritance. Like President Bush, Mike
Huckabee feels that this would solve the problem of the unfunded
liabilities of the social security system to a great extent.
 
• Mike Huckabee is probably the only candidate who has
stated that not only should the pensions of congressmen be
cancelled but that they should also be subjected to the same
social security system and independent retirement accounts like
other citizens. This point of view is based on the belief that
the members of the Congress are meant to be the 'servants of the
people' and not the 'princes of privilege' which they are at
present.
  
• Mike Huckabee has expressed the intention of replacing
all the various types of taxes like personal, corporate, gift,
estate and Medicare with a single tax known as 'Fair Tax' which
would be based on wealth.