Question: reply to this statement I think government should definitely run a balanced budget to keep society's economy stabilized. Not only that, social security must have

reply to this statement I think government should definitely run a balanced budget to keep society's economy stabilized. Not only that, social security must have stay afloat to prevent insolvency. One method of keeping social security solvent is increasing taxes on employers and employees. If that's not possible or if it causes problems, cutting a percentage of benefits may also be a solution but may cause problems to the older demographic who rely on social security

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Economics Questions!