No Social Security? In an ideal world, everyone would save money so they could take care of their own retirement. Forty years ago, when I started writing this column, I thought lots of personal saving was a great idea. Proposals to "reform" and "modernize" Social Security are particularly horrible for younger U.S. workers. The current proposal to reform Social Security only rearranges the distribution of benefit cuts workers face when the Social Security Trust fund is depleted in 2034. If any exercise deserves to be described as "rearranging deck chairs on the Titanic," it is this "reform" of Social Security. Less spending means reduced employment, lower tax collections and more federal debt. Without a corporate pension or personal savings, the only asset they'll have will be their house - if they are homeowners.