Fiscal Irresponsibility

EIN News says, "Pimco Says Dollar to Weaken As Reserve Status Erodes. Pacific Investment Management Co., which runs the world's biggest bond fund, said the dollar will weaken as the U.S. pumps massive amounts of money into the economy. (bloomberg.com)".
We are starting to see the first negative effects of the GRANDE Stimulus Package. This becomes evident in two forms; foreign exchange and local inflation.
PIMCO addresses the foreign exchange aspect. A friend of mine recently returned from the Norway, where a cup of coffee costs US$10. Norwegian prices may be high, but the major point is that US dollar has already been significantly weakened.
On the local front, we haven't seen much inflation yet. But that must come, as government is unable to balance the federal budget because of substantial increases in interest debt and the piling on huge costs for health care, various energy subsidies and the like.
The Obama Administration undoubtedly has the thought that it will be able to obtain significant taxes from private companies and the "rich". However, the Obama Administration is making every effort to drive companies out of business through the imposition of mandates. The "rich" will not invest their money under those conditions. Even if they did, their income (profit) would be so meager that income taxes would be insignificant. Government can then only get to the "rich's" assets through confiscation, which would then completely destroy the capitalistic system.
Governments only alternative is to inflate the currency through overprinting. Will we see a situation similar to that in Germany after World War I, when it took a wheelbarrow of Deutsche Marks to buy a loaf of bread?
Unfortunately, we are now in the soup, and I don't see anything that we can really do about it. Perhaps we can moderate the damage a bit by turning down the temperature of the "soup".
Very helpful actions would be to kill Socialized Healthcare and Carbon Dioxide Cap and Trade.