Spending for 2013 will be 23% of GDP up from 20% historical levels, and revenues will be 18% creating a 5% of GDP deficit to be funded with increased debt.

FORBES: The Spending Must Stop

He has promised that the health care plan he supports will increase access to health services and improve their quality, but simultaneously will not increase the size of the federal deficit or be funded with tax hikes - and this is impossible.

CENTERFORSECURITYPOLICY: An enfeebled Obama

In effect, almost all the British government's budget deficit this year has been funded by the Bank of England.

ECONOMIST: The dilemmas facing policymakers

"However, in line with all other publicly-funded bodies, it must play its part in reducing the deficit, " he said.

BBC: World Service 'should not be cut'

In a challenge to Chancellor George Osborne's central argument, Mr Cable says debt-funded capital spending "would not undermine the central objective of reducing the structural deficit and may assist in reviving growth".

BBC: Vince Cable: Borrowing may not be as bad as slow growth

Every extra dollar of current account deficit incurred by the United States is another dollar that has to be funded by foreigners.

FORBES: U.S. Decline: An Open Letter to a Closed Mind