Explain threat of national insolvency, History

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Provide two reasons either for or against a "war tax" that would pay for the cost of a current war as it is being conducted, rather than borrowing to pay for it.

Agree or disagree with the following statement and justify your opinion: "It is not possible to maintain massive war and policing efforts around the globe while maintaining generous social programs at home without the threat of national insolvency."

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