During his second term, which problem did George W. Bush attempt to address by calling for the privatization of Social Security?

A) Medicare costs for elderly immigrants had doubled over the past decade.

B) Baby boomers could not invest their personal savings in the stock market.

C) Birthrates had almost doubled since the start of the Social Security system.

D) Younger workers feared they would not have sufficient income after they retired

Question

Esteban Mejia

History

18 November, 05:13

During his second term, which problem did George W. Bush attempt to address by calling for the privatization of Social Security?

A) Medicare costs for elderly immigrants had doubled over the past decade.

B) Baby boomers could not invest their personal savings in the stock market.

C) Birthrates had almost doubled since the start of the Social Security system.

D) Younger workers feared they would not have sufficient income after they retired

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Answers (1)

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Aimee Garner · Answer 1

The correct answer should be C) Birthrates had almost doubled since the start of the Social Security system.

The major issue is that the extremely high amount of baby boomers is bound to hit retirement age or has already reached that much. This is a problem because the system cannot handle so many retirements at once as there are not enough people who pay taxes and support social security at that level. If it was privatized, people who have more money could pay those retirements.