A current concern about Social Security is that

A) funds set aside by past generations to pay benefits for future generations are growing too rapidly and may trigger inflation.
B) promised benefit payouts are growing more rapidly than likely sources of revenues, indicating a future inability to keep the system operating.
C) continued political bickering between the president and Congress could lead to an end to any funding of the program.
D) the payroll taxes used to fund the program are being eliminated as part of an effort to generate employment increases, thus leaving the program bankrupt.


Answer: B

Economics

You might also like to view...

What is marginal utility and what is the law of diminishing marginal utility?

What will be an ideal response?

Economics

Evidence suggests that mergers and increased profitability do not necessarily go hand in hand

Indicate whether the statement is true or false

Economics

In a perfectly competitive market, why do suppliers rarely charge more than the current market price?

a. The suppliers’ union would not allow the supplier to charge a higher price. b. Buyers could easily choose another supplier. c. Buyers often don’t have enough money to purchase a higher-priced good. d. The suppliers’ employees would go on strike.

Economics

Why is it true that domestic product and national income must be equal?

A. The IRS national accounting system assures that taxes equal total income. B. The total amount of spending must equal total national sales. C. The value of final product must equal the sum of resource income that produced it. D. The total amount of income earned is eventually spent.

Economics