The Congressional Budget Office estimates that the largest corporate organization in the history of mankind, the United States federal government, will reap a record $2.7 trillion in tax revenues this year. For comparison, that number is greater than the nominal gross domestic product (2011) of each and every one of the world’s nations, with the exception of China, Japan, Germany, and France. And we still have massive budget deficits: currently projected 2013 expenditures of $3.8 trillion eclipse the economies of even Germany and France.
We are the fiscal equivalent of drug addicts, except with the legalized prerogative to forcibly confiscate others’ property, obtain loans (silly creditors), and print counterfeit currency to finance our habits. Amazing.