January 1998
Affiliate News: Missouri
"Show Me Privatization of Social Security!" say Libertarians in Missouri, the "Show Me" state. And to take the first step in that direction, party leaders passed a resolution on November 24th, urging the state legislature to consider the New Oregon Option.That plan allows residents to opt out of Social Security and invest in private retirement accounts instead.
Noting Social Security's bleak financial future, Libertarian Brad Spangler promised to introduce a privatization plan if elected to the Missouri House.
"It's time for Social Security to go the way of federal welfare programs. If states can opt out, Congress will have the incentive to privatize the system nationwide," he said.
