Howard Pyle, The Burning of Jamestown, an early-twentieth-century illustration, not an eyewitness view. Public domain.
Washington paid for a war and a new safety net at the same time, and did not raise taxes to match.
If money is tight, you meet this choice later, as prices, because the bill was not collected up front.
If you are in the middle, a new health program can help your parents while a war economy bids up what you buy.
If you have savings, bonds and cash are the assets that lose when government spends into a hot economy.
Lyndon Johnson expanded domestic programs, including Medicare and Medicaid, while the Vietnam War grew.
He delayed a broad tax increase.
Spending on both guns and butter is how the inflation of the late 1960s got its start.
Source: Lyndon B. Johnson, Great Society legislation and Vietnam budgets; Revenue and Expenditure Control Act of 1968, the delayed tax response.