Quantitative Easing Explained

Glenn Beck does a decent job here of explaining "quantitative easing" (aka printing money, aka monetizing the debt).

You can watch the whole show here.
Inflation hurts those at the bottom of the economic ladder more than those at the top. Inflation is a "regressive" tax. By devaluing your dollar, the Federal Reserve is literally stealing money right our of your pocket to payoff government debt. Rising prices are a reflection of the reduced value of the dollar, making it harder for those with low and/or fixed incomes to maintain their standard of living and worse, put food on the table.
QE2 will only exacerbate our already severe economic problems and push million of Americans further into desperation. Nevermind that Andrew Jackson and Thomas Jefferson shut down the central bank, Americans have learned to love the central planner. This love comes at a price - the constant and deliberate destruction of the dollar and thus, our savings.