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These projected shortfalls are in part the unintended consequence of the American health fetish.
Despite the projected shortfalls, the F.H.A. does not have an immediate need for cash, housing officials stressed.
But the Republicans who control the House have argued that modest budget trimming combined with a strengthening economy would close the projected shortfalls without tax increases.
The projected shortfalls are less than the shortfalls that were taken care of in the 50's, 60's, 70's and 80's.
The latest projected shortfalls in financing Medicare and Social Security have brought the usual sober warnings that neither program is sustainable over the long run.
Two letter writers in "A Proposal to Reform Social Security" (Nov. 21) urged the elimination of the salary ceiling for Social Security contributions as a way to address projected shortfalls.
Similar(40)
The projected shortfall for next year is nearly $650m.
The newest projected shortfall is the third revised estimate this year.
Removing it would take care of about 90% of the projected shortfall.
The decline, the council said, would increase the projected shortfall to $964 million, from $698 million.
Doing so would fully address the projected shortfall for 75 years.
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