There's no steering anything. You are not paying for yourself, you are paying for current retirees on the hopes that there will be enough people to pay for your. Current retirees are not getting enough from that, so they are accumulating debt to pay themselves even more, hence the article.

Since the population pyramid has not worked that way, you will simply have a worse time, and younger people even worse, unless you can convince the people after to take on even more debt.

"Children are the retirement plan" has been true all along, only obfuscated. It would have been more sensible if social security payouts were contingent on how much tax revenue your children made, rather than the current model.