I disagree with this article. My first point of disagreement came when you had the government print $100 quadrillion and lock it away. You claim that the value of M in your equation changed. It did not. M is the money supply IN CIRCULATION. Currency locked away like this is not in circulation. M is unchanged.
My next point of disagreement came when you said that neither buying or selling Treasury notes increased your wealth. It is true that buying a $100 Treasury note does not change your wealth but when you sell your matured note for $125 it certainly seems to me that $125 is more than $100.
Your argument favoring the government printing money to pay the debt brings to mind the idea of the government printing $330 trillion dollars and sending $1 million to every man, woman, and child. Suddenly we're a nation of millionaires. Nobody lives in poverty any more. (It won't work.) The reason is left as an exercise for the reader.
I think that faulty economic reasoning may be the reason we have the situation we are in:
http://www.usdebtclock.org/