Are you serious? I suggest researching the FED a bit before typing another word, here or anywhere.
I suggest following some of your own advise.
Not only is it wrong to saddle later generations with debt so we can receive our own Panem et Circenses, there is only one guarantee on the US Dollar being the reserve currency and that is it will not always be.
We need to prepare for the time that we do not have the reserve currency so that collapse is not certain when it happens, as it will. History teaches us that when we begin to monetize our own debt we are heading down a road that leads to very bad things.
The reality is, Obama was right accidentally when he spoke against the constant increase of Generational Debt. We cannot afford the certain collapse that will come if we ignore the reality. The world will not infinitely support the US dollar as a reserve currency.