• 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. 		

• Unlike his predecessor and some of his major opponents,
Barack Obama has declared his firm opposition to the idea of
privatization of the social security structure saying that it
would create more losers with no assets to rely on during
retirement.
 
• In his opinion, the best method of fixing social
security and other entitlement programs is to reverse the
policies which have 'ruled the roost' under the Bush
administration. In this way, not only would the social security
be stable and solvent for most of the American citizens but would
also result in tax policies which are favorable for many of the
middle-income groups in the country.
 
• Barack Obama also rules out the stock market option for
social security saying that to encourage individuals to pursue a
high-risk and high-investment strategy would be an inadvisable
course of action. Instead, individuals should invest only those
savings in the stock market which are not a part of the social
security.
 
• According to Obama, there is nothing wrong with the
fundamental model of social security but there is a long-term
problem of the number of retirees exceeding the number of current
workers. This can be rectified by raising the limit of payroll
tax for wealthy individuals and exempting the middle class to the
extent possible.
 
• To save the social security from becoming bankrupt,
Obama feels that one option of preserving social security is to
opt for a bipartisan solution which would not only enable the
social security fund to remain solvent for the next many years to
come but would also prevent its privatization.