The Treasury needs to borrow $493 Billion to partially cover commitments made as part of the "rescue package" passed last fall. They already borrowed a record-breaking $569 Billion in October through December. This borrowing alone will bring the national debt to over $11 Trillion by Spring.
This is BEFORE we even start to borrow money to pay for the "stimulus" package that Congress is currently considering.
This is our money - taxpayers are the ones who will have to pay off this debt (see post below).
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