Jobs are created out of debt, not thin air.  The gov't does indeed have the ability to create more debt and more jobs.<p>We're betting that the stimulus' net effect on the economy is more growth than the debt's interest, so it'll be more productive to borrow, spend, and repay than not to.<p>You'll note that the private sector does this all the time.  Student loans are a perfect example: create a professor's job today for a higher salary tomorrow.