Indeed, that's a false dilemma. I could just as well have argued that the money has gone to bailing out banks, or to funding the war in Ukraine, or whatever. No

Indeed, that's a false dilemma. I could just as well have argued that the money has gone to bailing out banks, or to funding the war in Ukraine, or whatever. Not to mention that money itself is a social construct; it is created by banks and/or the state. If a (sovereign) state wants to, it can print money. Of course this has risks, and sometimes results in currency devaluation (not as frequently as some believe), but it's another way in which one can't claim that "country C invested this much money in A instead of investing in B".