(CNSNews.com) — While speaking about Social Security, Sen. Mike Lee (R-Utah) asked the audience at the Young Americans for Liberty Conference on July 31, “Most of you probably believe you are more likely to see Elvis alive in this lifetime than to get a dime from Social Security, am I right?”

Judging from the applause and cheers, it seemed that a large majority of the audience agreed with the senator. At the event, Lee was asked, “You mentioned Social Security and I would say probably most of the room on the way to the airport had to go through TSA and probably opted-out of TSA. So we were all trying to opt-out of TSA security, but what about Social Security? Would you allow our generation to opt-out of Social Security and say, ‘Look, we won’t take a dime from Social Security, we’ll take care of ourselves, let us keep our money.’ Is that a viable option, is that something that can be proposed?”

Lee responded, “Let’s talk about Social Security opt-out. The reason that that is so appealing probably to every single person in this room — and tell me if I’m right — is because most of you probably believe you are more likely to see Elvis alive in this lifetime than to get a dime from Social Security, am I right?”

After the audience applause, Lee said, “That’s about what I thought. So, the reason for that it’s not arbitrary, it’s not irrational that you feel that way. You have good reason to feel that way. You’ve seen the government set up this program, set it up in the 1930s. It was set up as an investment program, an income security program.”

“It was kind of like insurance, it was kind of like a savings plan,” said Lee. “The government told the people — even though none of us were born when this happened — the government told the people this can never be taken away. You’ll pay into it, the government will safeguard it, we’ll put it into a really safe box, and then we will give it to you when you retire.”

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