What does it mean to “index” Social Security benefits? Define indexing, and state whether changes to the manner in which the United States indexes Social Security benefits would result in significant savings to the program. If yes, how so? If not, why not?
What will be an ideal response?
Social Security benefits are indexed to match increases in prices and wages. Under the existing system, the initial benefit paid to retirees is adjusted annually to reflect changes in the average wages paid in the economy. Yes, changes to the manner in which the United States indexes Social Security benefits would result in significant savings to the program. Estimates suggest that a 6-month delay in the cost-of-living adjustment in 1983 saved $40 billion from fiscal years 1983 through 1988.
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A. a purposive machine with interchangeable human parts designed to facilitate collective action while enabling principals to control agents B. a hierarchical structure in which commands flow upward and information flows downward C. an abdication of responsibility through delegation D. an economic market
Diplomats and embassies have existed as far back as the first monarchies
Indicate whether this statement is true or false.
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Why do interest groups offer campaign contributions to candidates?
a. Helping to elect candidates creates a relationship between the interest group and the elected official that the group may be able to exploit later. b. Helping to elect candidates is the easiest way to influence government policy. c. Through campaign contributions, interest groups are able to elect their own staff members to positions in government. d. Through campaign contributions, interest groups are able to offer input into the political party platforms.