Like I said, we are printing money to cover the problems.  You don't get actual more money.  There is x amount of "value" for all of the cash the government prints.  So when the feds print more money, all they do is steal your money by making it worth less.

Let's think of this a different way.  You and I own a company that is worth $1MM.  There are 1,000 shares of stock.  I own 510 and you own 490.  Each share is currently worth $1,000.  Since I have a majority interest in the company, I am going to print an extra 1,000 shares and sell them.  (Yes, it would be totally illegal, but it's the law makers and enforcers who are doing this.)  The value of your half of the company just went from $490,000 to $245,000 (and you don't own half any more).

Your government is printing money to pay for stuff it can't afford.  When it does that, your money is worth less while things like gasoline, food and homes remain the same "value."  In other words, inflation is going to go through the roof.  I've seen this in South American countries, where inflation was 16% a month.  A MONTH.  That means every month, your dollar would buy 16% less than it did the month before.

After WWII, a wheel barrel full of Deutch Marks would not buy a loaf of bread or a bottle of beer.  We are headed in a similar direction.  One reason gas prices are high is we are printing money.  Worthless paper diluting the value of your money.

Who do I blame?  Let's start with Nixon (a Republican), then accelerated under Bush (also a Republican just so folks understand I will whack anybody who deserves the blame) and the trend will redouble under Obama.