The President's Plan Closes Only 30 Percent of Social Security's Solvency Gap. "The President's sliding-scale benefit reductions, by themselves, would close 59 percent of Social Security's long-term funding shortfall…When the private accounts are added in, however, the President's plan as a whole is found to close only 30 percent of the 75-year gap. More than two-thirds of the gap would remain." [Center on Budget and Policy Priorities, 5/10/05]