The social security system is a pay as you-go arrangement where contributions by today's workers are paid out to yesterday's retirees" part of today's contributions go into private retirement accounts, they cannot be paid out. to make up the shortage, the government would have to borrow massive amounts of money hence, social security privatization would cause a huge increase in the federal deficit
a. nonargument
b. argument; conclusion: if part of today's contributions tannot be paid out
c. argument; conclusion: social security privatization federal deficit
d. argument; conclusion: the social security system to yesterday's retirees
e. argument; conclusion: to make up the shortage massive amounts of money