> We really need to reduce the fiscal/govt budget deficit. It's basically printing trillions per year […]

That's not how money is created:

* https://www.bankofengland.co.uk/explainers/how-is-money-crea...

When governments (or anyone) wants to sell bonds, the money has to already exist 'in the wild'. The selling of government bonds does not create new money/currency. The pool(s) of money is already out there, and when bonds are offered, the people who control the pool(s) decide whether to buy or not.

(This isn't to deny that government deficits/debt needs to be at reasonable levels.)