Your conclusion about how states can always and easily print their way out of recession is almost surreal, so I'm going to limit myself to a few closing remarks.

The link you have supplied shows the Fed's balance sheet, on one hand the assets (table 1) it has acquired in exchange for freshly printed monetary base, and on the other hand it's liabilities, things like outstanding currency and bank reserves (table 1 continued). Commercial banks can't simply deposit treasuries towards the reserve requirements as you claim, the Fed only acquires treasuries when it decides to do so, so banks looking to meet reserve requirements need to trade the treasuries on the market. This clamps the money multiplier to a value controlled by the Central Bank, and not an ever increasing quantity proportional to the national debt.

The tradeability of treasuries is essential when equating them to money, and you implicitly acknowledged you need to trade them before you buy a Big Mac. Well then, inflation, as defined by the price of a Big Mac, can only rise if many holders of treasuries go out to exchange them for cash and buy a Big Mac. A limited fraction of the owners might be able to get 950$ for a 1000$ T-bill, but when or most of them do so in a short period of time, when most of them want a Big Mac the value of treasuries tanks, there aren't enough buyers. By definition the market will crash before inflation can happen. Buying government debt is a long term deposit and the treasuries market is no different fundamentally from the Lehman MBS market. Overborrow and you will loose investor confidence.