Wrong.
Government spending is a total different thing with the Fed’s actions.
Spending represents “real money”. Fed’s printing of money that’s not there yet is “faux” money.
China has been against these Fed’s action since it will further weaken the US Dollar. Ironically, China’s wealth is also pegged on the strength of the dollar.
These are two GODZILLAs that need to be attacked at the forefront.
You omitted the fact Congress is in control and has oversight of the Federal Reserve and the Treasury, you just don’t get it if you think the Federal Reserve and the Treasury can do whatever they feel like.
Example: There would be no bank bailouts or QE 1, 2 or more unless the Congress approves/d of it either by vote or by non-action. This would include the actions of any GSEs.