The restraint to spending is "ALWAYS" the real resources and labor the money is meant to deploy, not the dollar amount. If you throw too much money at limited resources their price will inflate, but that is often a necessary judgment call that Congress has to make to assure that the private sector has the money to purchase basic needs.

It has other methods available where inflation isn't justified by supply shortages or where extreme price increases threaten national security, both of which are obviously present currently. Lacking the political will to enact those methods, it chose to simply supplement the incomes of consumers and look the other way concerning price gouging during a national emergency.

Even so, "money printing" (all money is printed money, only digital) is a following action "after" the price increases or supply shortages, not the cause of the inflation. We should be looking at why our markets are monopolized so badly that the free market no longer is effective in price control, not taking the lazy and incorrect path of reducing money creation.

Deficits are almost always necessary in a fiat money system as they represent the net payment our government makes for the resources and labor it demands from the private sector. Without them, we are left to finance our own economy plus the cost of our government with bank debt but are not given the means to net retire that debt or to realize a net gain from our commerce with our government (savings).