People talk about the deficit, but is that money coming from? is the government writing IOU's to people?
ALL THE TIME! the government uses borrowed money from the central bank to pay for all of it's short commings.
And here is a little secret: do you know that the green in your wallet is only worth the paper it is printed on?
Yes, The American peoples money is worth NOTHING! The gold backing system was abandoned in the 60's!
So all the money in the bank, and elsewhere, is worth nothing! (unless you have gold) So our borrowed money is jut money that the central bank prints out, and "loans" to the government.