Birdwatch Note Rating
2023-04-27 17:47:53 UTC - HELPFUL
Rated by Participant: 1DB487717D4B5078763C522BD0EC2EC60260062199E49F890F7253253D04B05A
Participant Details
Original Note:
Growth is not the same as growth relative to baseline. If I give you a pay cut, but am paying you, your revenue isn’t growing; it’s shrinking. The tax cuts are responsible for increasing debt-to-gdp: https://www.americanprogress.org/article/tax-cuts-are-primarily-responsible-for-the-increasing-debt-ratio/ CBO estimated at the time the cuts would add $1.8 trillion in debt: https://www.cbo.gov/system/files/2019-10/55743-CBO-effects-of-public-law-115-97-on-revenues.pdf
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