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As Ms. Ruffing notes: "Social Security faces a long-term shortfall that's predictable and manageable.
The program does need to be strengthened to deal with a long-term shortfall in financing.
Though it has more than enough money to make its payments to retirees for many years, it has a serious long-term shortfall.
The labor market is suffering from two problems: an immediate jobs gap, primarily the result of inadequate demand, and a long-term shortfall in rewarding employment opportunities for American workers, primarily the result of structural forces.
That way, something might be done.But in truth, neither party has a serious plan for grappling with the long-term shortfall that will be caused by the baby-boomers' retirement.
Social Security's projected long-term shortfall isn't caused by baby boomers entering retirement.
Restoring it to its stronger 2000 level would therefore close a much larger share of the long-term shortfall.
High unemployment is another contributor to the program's long-term shortfall, but Effies aren't permitted to mention that either.
The vast majority of our government's long-term shortfall is due to exploding health care costs in the private sector.
But in fact Social Security's long-term shortfall is manageable, and we need to invest more not less in this effective system.
No, and No. Yes, Social Security has a projected long-term shortfall in its ability to pay benefits,starting in 2036 or so.
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