The Social Security program is called a "pay-as-you-go" plan. What do you think that means? \?

What problems can you foresee with such a system?

Answer:
easy. it means the people currently recieveing benefits under the social security program, are being supported by the people currently paying into it.

a problem? no, as long as my damn kids pay for it so i can collect benefits as well
It's called a Ponzi Scheme.
Read all about it:
http://en.wikipedia.org/wiki/ponzi_schem...

.

The answers post by the user, for information only, FunQA.com does not guarantee the right.



More Questions and Answers:
More Questions and Answers:
  • Inspite of being a smaller economy why is Pound so strong against $?
  • If the Economy is going as great as Bush and the other Republicans say it is why do we have so many Home ?
  • Consider racial imbalances in education, the economy, family life, housing, criminal justice, health care, and
  • what are great britains imports?
  • Know a really shocking poverty statistic??
  • Hypothetical. Nominal GDP for 3rd Quarter 2006 is 5 billion with CPI reading 112.86 what is the value of?
  • which country used collectivizationto forcibly take over privet landto create state controlled farms?
  • How does protectionism policies affect interna'l trade and countries?
  • What are Three reasons people oppose to the North American Trade Agreement?