Birdwatch Note Rating
2023-01-18 16:21:09 UTC - HELPFUL
Rated by Participant: D82A448CE734A724F289074C1FC99C88499A22C3C48800844B63606F2A70860B
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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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