All those deficits and free-money have effects, you know. But don't worry, they would solve it printing more money.
Inflation is high not even considering that the FED under-reports inflation with all their tricks - if inflation was calculated as it was in times of Margaret Thatcher, the number wouldn't be 6%, but more like 15%. See http://www.shadowstats.com/alternate_data/inflation-charts
Welcome to Argentina-like politics. Oh, dear Argentina: a country that had the highest GDP per capita some 100 years ago.