$130 Billion Economic Stimulus Package - Where is the Money Coming From?

This week the check from the economic stimulus package will start arriving in peoples bank accounts and mail. But have you ever wondered where is this money coming from and how is the government going to pay for this?
According to a recent published report this years federal budget deficit will be about $500 billion, the highest on record. And the majority contribution for the deficit is coming from the $130 billion economic stimulus package. And in order to cover this deficit, the government is going to start issuing One Year Treasury Notes for the first time in seven years. That means the government is going to borrow money to pay for this stimulus package.
In a nutshell, this is what the US government is doing "Borrowing money to give it to consumers so that they can spend it, and hope that this which will jump start the economy". It doesn't get any better then this.

Read more at Where is the Money
Also read my previous post IRS Rebate Checks about the same topic.