Symposium 2015: Is it time to end the current Social Security program for citizens under the age of 18?

Cartwright—I’m not suggesting we end benefits for children who are under eighteen and currently receiving survivor benefits until they are eighteen.  I don’t think that’s the point of the question.  However, I do favor telling people under eighteen that they will not have social security when they reach retirement age and encouraging them to start saving on their own at an early age.  There’s no doubt that the current Social Security system is broken and unsustainable.  Let’s remember that Social Security wasn’t intended to be a long-term programme to supply for everyone when they reached retirement age.  Somewhere along the way the idea of personal responsibility got put by the wayside in favor of another big government, socialist entitlement programme.  I recognize that it’s helped a lot of retirees over the years; it’s helped relatives of mine who wouldn’t have been able to survive in retirement without it. Continue reading