Social Security is referred to as a pay-as-you-go system, meaning that
A) the U.S. government borrows the proceeds to pay recipients.
B) the system must be reappropriated by Congress each year.
C) today's workers support today's program beneficiaries.
D) all workers in effect pay for their own retirement by a mandatory process of savings.
E) any surpluses from the Social Security system go back into the government's general revenue.
C
You might also like to view...
In which of the following countries is the population more likely to engage in unconventional political participation?
a. Mexico b. Brazil c. China d. Iran e. India
The notion of (re)planting forests on a massive scale to reduce the amount of greenhouse gases in the atmosphere is one of the proposed methods behind ______.
A. radiative forcing B. carbon dioxide removal C. clean development mechanisms D. solar radiation management
The chief governments that deliver state programs (such as welfare) are a. counties
b. special districts. c. school districts. d. townships.
In 1986, how many of the 14 proposed amendments to Rhode Island's constitution were approved by voters?
A. all 14 B. 12 C. 8 D. 5 E. 2