While I'm totally unopposed to this action it isn't as easy as he makes it out to be. There will be economic impacts initially - increased unemployment and decreased GDP through the buying of goods and services just as everyone is recognizing that there is a recession. Of course, this is only related to expenditures that have US economic impacts. Free money giveaways to foreign countries are for the most part zero impacts to our economy, international relations/politics are a different issue. Both would help the debt for sure.
It is a cure that has short term pain to get to a better long term outcome. I wish they would start socializing that fact to inform and prepare people so that there isn't unnecessary blame being placed on doing the right thing.