I asked for some rational discussion of the recent four trillion dollar wealth transfer from the working public's earnings and savings to the Emperor's lackeys, through the process of printing $4 Trillion new fiat money coincident with a massive reduction in goods available for purchase by that money. (Note: I'm pretty sure even Keynes would not approve of that)
By the way, you are right about other nations being in worse shape, but that just means the debt crisis at the root of this is worldwide, and because they are all so intertwined with the dollar, it will be a worldwide collapse, including the dollar, instead of nation by nation, and it will cascade very rapidly once it starts.
Even massive deficit spending need not create new money if it is financed by borrowing or asset sales. And, when economic conditions permit, the Fed and the Treasury can withdraw money by selling financial assets. The assets go back into private hands and the money that paid for them goes onto the government books.
The larger issue of course is not the specifics of Fed money creation but how long the US can run chronic deficits. No one knows, and it is all too plausible that, like Weimar Germany or Zimbaubwe, the US might try money creation as a way to finance its deficits. There is no law of economics though that makes that inevitable, no matter what Rand Paul thinks.