Social Security revenues and expenditures can be reconciled in a number of ways. Which of the following is an example of a policy option supported by the Republican Party?

Question

Quizplus · Accepted Answer

Increasing the full retirement age is a policy option supported by the Republican Party as a way to increase revenues and reduce expenditures in the Social Security system. This option would delay the age at which individuals could receive the full amount of their benefits, thereby reducing the number of years they would be eligible for benefits and lowering expenditures. However, it could also have implications for individuals who rely on Social Security as their primary source of income and may not be able to work until an older age. Options A and C would both increase expenditures, while option B would increase revenues but is not explicitly supported by the Republican Party.

Social Security Revenues and Expenditures Can Be Reconciled in a Number