When Congressional decision makers chose not to raise taxes to fight the war on terrorism they

Question

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By choosing to borrow money to fund the war on terrorism instead of raising taxes, Congress created an opportunity cost in the form of higher interest rates and potentially crowding out other government spending. This means that the government would have to compete for resources with other borrowers, potentially driving up interest rates and leaving less funding available for other important programs. Therefore, while the decision makers may not have explicitly eliminated Social Security or other programs, there was still an opportunity cost to their decision to borrow instead of tax.

When Congressional Decision Makers Chose Not to Raise Taxes to Fight