Birdwatch Note Rating
2023-01-18 15:40:25 UTC - HELPFUL
Rated by Participant: 91C85FEE17442EAA947F33D8525232045C7F32D45E17ABC59F893F15DE3022BB
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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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