Which of the following refers to the debt incurred by the government because early generations of beneficiaries received much more in benefits than they paid in taxes?

Question

Quizplus · Accepted Answer

Legacy debt refers to the debt incurred by the government because early generations of beneficiaries received much more in benefits than they paid in taxes. Option A does not accurately describe the concept of Social Security debt. Option C refers to deficits incurred by Social Security programs, but it does not specifically refer to legacy debt. Option D refers to the overall fiscal imbalance of the Social Security system, which includes legacy debt but is not specific to it.

Which of the Following Refers to the Debt Incurred by the Government