Brownback pushes private Soc. Sec. accounts

Plan similar to unsuccessful effort by President Bush

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updated 9:39 a.m. ET March 30, 2007

WASHINGTON - Republican presidential candidate Sam Brownback says Social Security can be fixed with private savings accounts.

Under a plan he's offering, workers would invest a little less than half of their payroll taxes in stocks and other market-based investment funds. It's like a plan pushed unsuccessfully by President Bush.

Brownback, a favorite of conservatives, will have more to say on the topic when he speaks to an anti-tax group tomorrow in Florida.

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Under his plan, people could stay in the old system; but young people would automatically get private retirement accounts when they enter the workforce.

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Brownback pushes private Soc. Sec. accounts

Plan similar to unsuccessful effort by President Bush