8. The shortsightedness effect Which of the following are examples of the shortsightedness effect? Check all that apply. Two proposed bills, an increase in national defense spending and funding for education, are bundled together in order to gain the necessary number of votes to pass. As of 2020, the U.S. government's Social Security program faced massive unfunded liabilities. That is, the government has promised benefits to future retirees without levying nearly enough in taxes to actually pay out the benefits. A year before reelection, the governor of your home state increases the expenditures on education despite the repercussions of a state budget deficit in future years.

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