Doesn't congress have to approve spending?
I think this is the Federal Reserve printing money.
And the printing short-term allows for Hedge Fund(thinking Jon Corzine) a grab for cash, and long-term the working poor get inflation.
Even more green, the Fed “electronically credits banks”, trees were not harmed printing money...
http://money.cnn.com/2012/09/13/news/economy/federal-reserve-qe3/index.html?hpt=hp_t3
In implementing QE3, the central bank does not use taxpayer money to buy bonds. Rather, it expands the U.S. money supply and electronically credits banks with more funds.