I don't see how privatization will effect debt. FICA payroll taxes go into the trust fund which stands at about 2.5 trillion. Benefits are paid out the fund. The fund will be depleted in about 2041. There will be no effect on the debt until the fund is depleted and only then if Congress fails to act.Sell all the land that the feds have glommed onto and use those funds to pay off those who've been scammed with the SS Ponzi scheme.So how do we continue paying benefits to the 53 million+ that depend on those benefits. Once the fund is gone, benefits would have to be paid out FICA payroll taxes which would be reduce by funds going into private investment.
Problem solved.
This could eliminate a great deal of the debt, as well as encourage economic growth.
i.e., If the Feds stopped killing off the Central Valley via their insane water (mis)management policies, we'd actually be able to start growing food and employing people again.