Understanding Social Security and the New Congressional Plan

What is the potential consequence if no changes are made to Social Security?

• The system will remain unchanged.

• New offices will open nationwide.

• Benefits could be cut automatically.

• Benefits will increase automatically.

Who introduced the 'Keep Billionaires Out of Social Security Act'?

• Senator Elizabeth Warren

• Senator Mitch McConnell

• Senator Chuck Schumer

• Senator Bernie Sanders

What is one of the main issues faced by the Social Security Administration?

• Staffing cuts

• Overstaffing

• Too many local offices

• Excessive funding

What is one of the proposed changes in Schumer's bill?

• Closing more local offices

• Reducing the workforce

• Investing in technology updates

• Increasing automated systems

What does the bill propose to do with local Social Security offices?

• Keep them open with Congress approval

• Close them permanently

• Keep them open without Congress approval

• Close them without notice

What is a concern raised by critics about privatizing Social Security?

• It could be dangerous for dependents.

• It will reduce benefits for everyone.

• It will make the system less efficient.

• It will increase government control.

What has been the staffing trend at the Social Security Administration?

• Remaining constant

• Increasing steadily

• Decreasing for 50 years

• Fluctuating unpredictably

What is the projected year when the Social Security trust fund might run short?

• 2025

• 2033

• 2050

• 2040

What is one of the most effective roles of Social Security?

• Creating new jobs

• Raising taxes

• Reducing poverty

• Increasing national debt

What is a potential solution to the Social Security funding issue?

• Finding new revenue sources

• Eliminating the program

• Lowering the payroll tax cap

• Reducing benefits