"Privatizing Social Security: The Wall Street Fix," by Dean Baker of the Economic Policy Institute, argues that "Social Security is sound now and will continue to be sound indefinitely," and sees privatization as a serious threat.

The Social Security system currently collects more in taxes than benefits paid out, with the excess held in the Trust Fund. But this is expected to change in 2014 when the baby boomers and increased longevity of retirees is likely to result in benefits exceeding taxes collected. By 2031, the Trust Fund is expected to be exhausted. Suggestions for reforming Social Security include minor changes to the eligibility requirement or tax rates, allowing part of Social Security contributions to be invested freely, and totally privatizing Social Security.