Birdwatch Note Rating
2022-10-30 06:16:32 UTC - SOMEWHAT_HELPFUL
Rated by Participant: E4FA2231A37AF4AD474FDD71B70370A18C8D34C609E0A8A7541EA10310D7C913
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
All Note Details