The Social Security system is a pay as you-go arrangement where contributions by today's workers are paid out to yesterday's retirees" part of today's contributions go into private retirement accounts, they cannot be paid out. To make up the shortage, the government would have to borrow massive amounts of money Hence, Social Security privatization would cause a huge increase in the federal deficit

a. Nonargument

b. Argument; conclusion: If part of today's contributions tannot be paid out

c. Argument; conclusion: Social security privatization federal deficit

d. Argument; conclusion: The Social Security System to yesterday's retirees

e. Argument; conclusion: To make up the shortage massive amounts of money

Question

Cierra Golden

Social Studies

10 February, 15:41

The Social Security system is a pay as you-go arrangement where contributions by today's workers are paid out to yesterday's retirees" part of today's contributions go into private retirement accounts, they cannot be paid out. To make up the shortage, the government would have to borrow massive amounts of money Hence, Social Security privatization would cause a huge increase in the federal deficit

a. Nonargument

b. Argument; conclusion: If part of today's contributions tannot be paid out

c. Argument; conclusion: Social security privatization federal deficit

d. Argument; conclusion: The Social Security System to yesterday's retirees

e. Argument; conclusion: To make up the shortage massive amounts of money

+3

Answers (1)

Know the Answer?

Serena Gibson · Answer 1

c. Argument; conclusion: Social security privatization federal deficit

Explanation:

The money that you pay through taxes is not the same money that you will receive later in life. Instead, Social Security is primarily a pay-as-you-go system, where the money you and your employer contribute now is used to fund payments to people who currently receive benefits, including those who have retired or are disabled, survivors of workers who have died, dependents, and other Social Security beneficiaries.