When did Congress recognize that Social Security could no longer operate in the future as a purely pay-as-you-go system?
A) In the 1930s
B) In the 1950s
C) In the 1980s
D) In the 1990s
E) None of the above

Question

Quizplus · Accepted Answer

Congress recognized that Social Security could no longer operate in the future as a purely pay-as-you-go system in the 1980s. This led to the passage of the Social Security Amendments of 1983, which implemented various changes to the program, including the introduction of the Social Security Trust Fund and increased payroll taxes. These changes were made in order to ensure the long-term solvency of the program.

When Did Congress Recognize That Social Security Could No Longer