Whats wrong with this way of thinking? When the governmentruns a budget deficit

Whats wrong with this way of thinking? When the governmentruns a budget deficit it simply pays its bills by printing moremoney. As the newly printed money works its way through theeconomy it waters down the value of paper money already incirculation. Thus it takes more money to buy things. Budgetdeficits are the major cause of inflation. needs to bearound 75 150 words.