Albeit Dave's twist is to offer small payday loans with 0% interest to help its users cover any short term shortfalls in their monthly finances.
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.
As a result of the fee changes, local telephone companies stand to get a short-term shortfall of as much as $500 million over the next year.
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.
Another alternative, if you're facing a longer-term shortfall, is to request an installment payment agreement from the IRS.
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.
