Pennsylvania Libertarians support move to privatize Social Security.

"As libertarians we are not proud of President Bush's performance on several issues including the National Debt, the PATRIOT ACT, farm subsidies, infringements on 1st amendment rights under the guise of campaign finance reform and other infringements on civil rights and liberties; however, we do feel he deserves our support for privatizing Social Security," stated David Jahn, chairman of the Libertarian Party in Pennsylvania.

"Social Security is the largest government run program in the world and the prospect of converting the system from a tax to a savings/ownership program with individual accounts is very exciting," quipped Tim Crowley, Western Vice-Chair.

America is a far different place today than it was in 1935 when the Social Security Act was signed into law. In 1935, the typical family paid virtually no federal taxes. Life expectancy was 59.74 years. There were 40 workers for each retiree, and mutual funds hadn't even been invented. Only rich people invested in stocks and bonds. Today, families surrender nearly 25% of their income to Washington. They live beyond 76 years on average. There are only 3 workers for each retiree, and over 50% of Americans own stock through diversified mutual funds.

Darren Wolfe, Eastern Vice-Chair noted, "the time is right to make fundamental changes to our Social Security system. Freedom occurs when people are able to make decisions for themselves. Converting the current FICA tax into individualized private accounts, with property rights, furthers Americans' freedom, independence, and economic well-being."

Mr. Michael Badnarik, the 2004 Libertarian Presidential candidate, will be sharing his thoughts on the constitutionality of Social Security system at the Pennsylvania Libertarian Party convention April 30th in Harrisburg, PA.