Since the government can and does run infinite budget deficits, it's effectively printed. Sure, some is coming from taxes, but it's pretty unlikely that taxes

Since the government can and does run infinite budget deficits, it's effectively printed. Sure, some is coming from taxes, but it's pretty unlikely that taxes will go up by an amount equivalent to the program costs. Economically, inflation is equivalent to a tax on dollar-denominated held wealth, though. So it basically amounts to the same thing as taxes, but is paid for by bondholders, pensioners, people with fat savings accounts, and folks who lack bargaining power in their wages (i.e. most service & manufacturing workers) rather than high-earners.