Make Federal Reserve pay national debt and budget deficit

The Federal Reserve already spends trillions of dollars that it creates for the purpose of lending to big banks and buying Treasuries and securities. Using the central bank computers the Federal Reserve can create enough money to pay off the U.S. national debt and fund the national budget deficit. Since the Federal Reserve has no limit to the amount of money that it can create, it can pay all of the expenses of the U.S. and there would be no need for federal income taxes. The IRS could give "tax refunds" to all U.S. citizens whenever there is a recession. Inflation is the price we would pay for remaining the number one superpower. The alternative is to continue at the current pace of letting China catch up and eventually get ahead, to rule the world.