Everyone of us might be dead in the next 30-50 years, but the coming generation will bear the fiscal burden of this profligacy (either implicitly through inflation or through a currency devaluation).

If so much money is printed (& spent) and (real economic) inflation is not seen, the logical implication is: a) The wealthy absorbed the domestic money in (real) asset price inflation (hence lower yields and higher wealth inequality). b) The money was "exported" out of the country to purchase foreign goods and services (leaving an interest rate burden that will eventually suck the "real" tax budget dry).