from The American Heritage® Dictionary of the English Language, 4th Edition
- n. A failure to attain a specified amount or level; a shortage.
- n. The amount by which a supply falls short of expectation, need, or demand.
from Wiktionary, Creative Commons Attribution/Share-Alike License
- n. An instance of not meeting a quota or of having an insufficient amount.
- n. The amount by which a quota is missed; the amount missing.
from WordNet 3.0 Copyright 2006 by Princeton University. All rights reserved.
- n. the property of being an amount by which something is less than expected or required
Occasionally reform opponents will say there's no crisis now, but there was then -- but the shortfall is actually bigger now.
However, Basu and other economists suggest that the majority of the shortfall is because of the bad economy rather than the way Marylanders reacted to the tax increase.
The $8 billion shortfall is one of the largest crises Ohio has ever faced.
Scrapping the cap on earnings subject to the payroll tax, while not counting earnings above the cap toward benefits, would eliminate Social Security's entire long-term shortfall.
Social Security's long-term shortfall grows about $1.2 trillion annually — a sign of an imbalance between the number of young workers and older beneficiaries, according to the Social Security trustees' annual reports.
One way to make up for the loss in revenue from privatization as well as cover the existing revenue shortfall is dramatically but gradually to cut Social Security benefits.
For Medicare, the overall shortfall is even larger -- $62 trillion.
I know other states with income tax are hurting as well, but I wonder if the magnitude of the shortfall is exacerbated by the fact that consumerism can become erratic given a climate of economic fear and uncertainty.
I also hardly think a small budgetary shortfall is really grounds to sell of part of the center without giving it due consideration.
The budget shortfall is not good, but it amounts to about $25 for every resident in the city.