Which of the following best describes how a pay-as-you-go system is financed?
A) The U.S. government borrows the proceeds to pay recipients.
B) The system must be reappropriated by Congress each year.
C) Today's workers support today's program beneficiaries.
D) All workers in effect pay for their own retirement by a mandatory process of savings.
E) Any surpluses from the Social Security system go back into the government's general revenue.
Correct Answer:
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