Birdwatch Note Rating
2022-10-30 00:43:37 UTC - HELPFUL
Rated by Participant: C83D2471BF26FF9749D9FA884CB9A167D509D563EB9F76EF076736A5240F9890
Participant Details
Original Note:
While the deficit was smaller in 2022, it "fell" only in comparison to historic deficits required to deal with the COVID pandemic. It's the 4th highest deficit in US history; 40% larger than 2019, and was significantly larger due to Biden's student loan forgiveness program. https://www.cnbc.com/2022/10/21/us-budget-deficit-cut-in-half-for-biggest-decrease-ever-amid-covid-spending-declines.html https://fred.stlouisfed.org/series/FYFSD
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