During the past five decades, there has been a shift in the composition of the f
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During the past five decades, there has been a shift in the composition of the federal budget toward more spending on income transfers and health care and a smaller share for national defense. However, during the last 4 years, this traditional shift was reversed – with a more concentrated focus on military versus domestic issues. Does economics indicate that either of these changes will help Americans achieve higher living standards? Discuss.