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Consumers have been cutting down borrowing since the credit crunch began. However the Federal government's borrowing has been growing at a staggering rate recently as the chart from CFR’s Brad Setser’s blog shows below:

click to enlarge

US Government Borrowing as a % of GDP Rises Sharply

Source: Council on Foreign Relations

Also check out: More on the fall in private borrowing and the rise in the fiscal defict.

Source: Chart Shows U.S. Government Borrowing Rises Sharply