Ok i'm not finding good information on either party's social security plans.
Kerry's plan seems to be not to cut benefits or raise taxes, but lacks any detail on how to solve the shortfalls that loom over us. Is there anything else that i haven't seen on this?
The Republican's plan is the "privatization" strategy which i've heard called many things including "lock boxes" and "personal retirement accounts". From what i understand some percentage of the 12.4% social security tax is placed in one of these personal accounts where the person can then decide how to invest it. The plan doesn't detail what rules are placed on that money or what happens to the rest of your social security taxes.
So someone please enlighten me to the plans and why one is better than the other.
(Note: I'm just curious. I've already early voted straight democrat and this issue isn't something that would or should change anyone's vote.)
Update [2004-10-27 13:44:17 by pingz]: Some great responses everyone. I've learned alot!