He has no shame.

Washington — Senate Majority Leader Harry Reid (D-Nev.) on Monday disputed warnings that Social Security is headed for bankruptcy, calling those assertions an  “outright lie.” And he says the huge federal entitlement program has not added “one penny” to the federal deficit.

Both of Reid’s claims are misleading.

Reid made the comments at a “Back Off Social Security” rally at the Capitol on Monday. Reid was joined by other Senate Democrats and liberal activists, who accuse Republicans of plotting to privatize Social Security. Democrats have used similar tactics in the past to scare senior citizens, who vote in large numbers.

“Social Security has not contributed one penny to the debt or the deficit ever in its 75 years,” Reid said at Monday’s event.

The claim is false. According to the actuaries for Social Security and Medicare, the Social Security program ran a deficit of approximately $41 billion, excluding interest on the bonds in the Social Security trust funds. Those bonds, which are a special type of Treasury bond, are placed in the trust funds in place of the cash surpluses Social Security has taken in from payroll taxes.

Because there is no cash in the Social Security trust funds, any deficits the program runs, including the 2010 deficit — and those projected into the future — must be repaid from current tax revenue.

Since the federal government was already running a deficit in 2010, and ran one in 2009, the money required to pay the Social Security deficit would have had to be borrowed, meaning it was added to the deficit and the national debt, contrary to Senator Reid’s claim.