My generation will probably lie about the reasons why and how it gets paid back.
Tying the monetary & fiscal policies of the 1970s, 1980s, and 1990s to the Cold War isn’t really all that different than tying increased marginal income tax rates, means-testing Social Security, introducing progressive capital gains brackets, and lowering and/or eliminating the step up in basis of inheritance taxes to COVID or systemic racism. And if you question that, you’ll just be branded a racist or science denier.
It would be nice if we could have a reasonable discussion about causes and effects, but that’s not gonna happen.
Boomers have lied for a generation about how and why astronomical debts were incurred in the first place, so it only makes sense that an equally mendacious set of policies would need to be in place to pay it off. One good lie deserves another.