Will people frothing at the mouth about debt please please please just go and read a couple of basic things like the wikipedia articles on money supply and economic multipliers?

At this stage, the US economy needs stimulus. In fact it could do with a fair dollop of "tax and spend" but that is not it seems sellable to the irrational public in the USA or UK. Failing "tax and spend" increasing the money supply is exactly what the US needs, and directing available money to those on the margins will ensure that that money gets spent - all to the good.

The Tea Party loonies and illiterates are not going to do that and indeed it seems to me that there is a real risk of budgets failing to be agreed, and once there is no money available to government (the consequence of legislative failure on budgets) all of the things that central and local government provide (most infrastructure) are at risk.