You need to write a driver for a virtual audio device, then you will be able to pass audio to the driver and it will be available through a virtual microphone.
Microsoft publishes the source code for a Virtual Audio Driver as part of the Windows Driver Development Kit. If you have access to Visual Studio, or if you know a programmer who does, compiling this virtual driver and installing it allows you to create a required device.
Then you need to write a tool using any TTS library that will take the text you need and pass it into the driver for loopback.