Birdwatch Note Rating
2023-04-27 11:21:53 UTC - HELPFUL
Rated by Participant: D5D96FF784E2992746B725C1DCC9E530856E862F18DE2557A27E74299A94810E
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
All Note Details