system
Given the following post, respond as if you're commenting on Reddit:
human
New USA Government Budget Proposal

President Biden proposed $6 trillion dollars of new spending for the 2022 fiscal year. Even with his tax increases we should expect $1.6-$1.8 trillion to be printed or loaned. Ignoring the politics on whether or not this will actually happen, I have a few questions. Feel free to answer any number of them:

What will be the immediate affects of just the proposal?

Will the US dollar see a considerable change in value due to inflation from this amount?

Bonus question: a friend has been telling me to get into the crypto market. Will cryptocurrencies be affected? And if there is inflation would that make alternate currencies more or less valuable?
gpt
The immediate effect is likely zero. The amount of spending is has been expected, plus president's budget proposals mean very little. 

No, whatever inflation could result will be adjusted for by the fed.

Crypto is a controversial topic, but there is no evidence that crypto will make a good inflation hedge. However, all of the inflation bugs will likely look for one in crypto, so it will likely go up, unless the bubble is popping.