One year ago, a brilliant journalist wrote …

The Social Security Disability Insurance program “faces the most immediate financing shortfall” of any trust fund, to use the words of the Social Security and Medicare trustees in their annual report. That trust fund is projected to be depleted in late 2016, the result of costs exceeding noninterest income since 2005.

One year later, guess what?

The Social Security trustees reported July 22 that the Social Security Disability Insurance trust fund reserves are projected to drop to zero during the fourth quarter of 2016.

Read more at the Wisconsin Policy Research Institute.