Social Security has faced far more imminent shortfalls in the past, notably in 1983, and Congress has never failed to act to close them.
The program, which pays out benefits to over 61 million retirees, workers with disabilities, widows and their dependents, has faced more imminent shortfalls in the past and Congress has always acted to address them in time.
In a way, the review team's conclusion, announced on Tuesday, seemed inevitable in a city that has wrestled with more than $14 billion in long-term liabilities, nearly annual projections of imminent cash shortfalls and a population — and accompanying tax base — that has plunged to 713,000 residents from 1.8 million decades ago.
Social Security has faced far more imminent financial shortfalls in the past and Congress has never once failed to act before it was too late.
This year, it seems even more urgent; there are rumored budget shortfalls imminent, so the talent show is particularly crucial to the home's financial life.
In speaking to analysts and reporters then, executives gave no indication a revenue shortfall was imminent.
If a shortfall became imminent, people should switch off their air-conditioners and wear shirts like his, he says.In this section Lucky Yingluck Under attack A matter of trust No melting mood Neither a picnic nor a Switzerland ReprintsHe appears to suspect that KEPCO is exaggerating the risk of power shortages to put pressure on local leaders to restart suspended nuclear plants.
While there are two "coulds" in that statement, the mere possibility that such an imminent arrival and massive shortfall could be true should give every prudent adult a few second thoughts about what the future may hold.
California officials were meeting through the weekend to address the state's $38 billion budget shortfall and an imminent reduction in the its credit rating.
In 1928 the leadership again thought an unacceptable shortfall in agricultural supplies was imminent.
