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Total borrowing has imploded. Private borrowing has collapsed. And, in effect, the Treasury Department is the last borrower left standing.

Peter R. Orszag
Lasts, Treasury, Borrowing
"The Situation Room" with Wolf Blitzer, www.realclearpolitics.com. November 12, 2009.
Total borrowing has imploded. Private borrowing has collapsed. And, in effect, the Treasury Department is the last borrower left standing.