Birdwatch Note Rating
2023-01-18 16:57:52 UTC - HELPFUL
Rated by Participant: 6B0DA08A05D0EBCBBA4D3959B8D3E9474EBAD9FBB504A6A6E424E00B6593DB0C
Participant Details
Original Note:
Though used interchangeably, debt and deficit have differences. The projected deficit for the U.S. was about $3 trillion in 2021. Deficits don't rely on principle or interest. Debts are money owed; 31.1 trillion in 2022. https://www.investopedia.com/articles/personal-finance/081315/debt-vs-deficit-understanding-differences.asp
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