Birdwatch Note Rating
2023-02-20 16:39:48 UTC - HELPFUL
Rated by Participant: 32121F7FDB5414D0D0965EB9BD869DA0B740281EF8EE929B83E1582DA3CE5FD9
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Original Note:
Fundamentally the above statement is contradictory. The debt ceiling is a limit for the debt to hit. Similar to a maxed out credit card limit. So long as there is a deficit, spending more than revenues, raising the limit will increase debt. https://fiscaldata.treasury.gov/americas-finance-guide/national-deficit/
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