Based upon the fiscal year 2011 budget submitted to Congress by President Barack Obama a week ago - the United States government will borrow $1 out of every $3 dollars it is projected to spend.
Fiscal year 2011 covers the 12 months from 10/01/10 to 9/30/11.
This is analogous to an individual earning $100,000 (after tax), spending $149,000 and borrowing $49,000 to cover the difference.
(source: The White House)
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