Center for a Stateless Society / "America" the bankrupt

A new organization devoted to market anarchy has recently started its work: the Center for a Stateless Society. So far it's only a blog, though. Let's hope they build to something great.


Is this the beginning of the end? We are starting to see the bankrupcy at the end of the statist tunnel for "America":

http://news.yahoo.com/s/ap/20061028/ap_on_go_ot/america_the_bankrupt

Their basic message is this: If the United States government conducts business as usual over the next few decades, a national debt that is already $8.5 trillion could reach $46 trillion or more, adjusted for inflation. That's almost as much as the total net worth of every person in America— Bill Gates, Warren Buffett and those Google guys included.

A hole that big could paralyze the U.S. economy; according to some projections, just the interest payments on a debt that big would be as much as all the taxes the government collects today.

And every year that nothing is done about it, Walker says, the problem grows by $2 trillion to $3 trillion.