Just last week didn’t we have assurance from Harry Reid that everything is fine with Social Security. Really.

Now, a few days later we get this:

Social Security now seen to run permanent deficits+

Sick and getting sicker, Social Security will run at a deficit this year and keep on running in the red until its trust funds are drained by about 2037, congressional budget experts said Wednesday in bleaker-than-previous estimates.

The massive retirement program has been suffering from the effects of the struggling economy for several years. It first went into deficit last year but had been projected to post surpluses for a few more years before permanently slipping into the red in 2016

This year alone, Social Security will pay out $45 billion more in retirement, disability and survivors’ benefits than it collects in payroll taxes, the nonpartisan Congressional Budget Office said.

The most charitable thing to conclude is that Reid has a severe case of poor situational awareness. More realistically, he’s finally and irrevocably moved beyond any bounds of truth, and is not worthy of any credibility.