Obama's Plan to Save Social Security

Republicans will soon be warming up their "soak the rich" talking points after Obama's statement recently regarding the Social Security payroll tax.

Rather than raise the cap, currently at $102,000, Obama wants to reinstate social security payroll taxes for individuals who earn more than $250,000 a year. He calls it a restart level.

Although this isn't a perfect solution, because the plan only affects the top 3 percent of earners, it is at least a step to solidify funding for Soc. Sec. into the future. Also, because I don't have numbers to figure out how much revenue Obama's will bring in, as opposed to a plan which raises the cap to, say, $250,000, I don't know which is really the better approach. I do know that this plan, complete with the so-called "doughnut hole," is obviously more politically feasible.

If anyone has numbers on what different plan would bring in, please let me know. I'd love to take a look.

Link to article on MSNBC is here: http://www.msnbc.msn.com/id/25143640/