Birdwatch Note Rating
2023-05-07 17:16:15 UTC - HELPFUL
Rated by Participant: 1D43FF4F1F494F21DE80B535A3D86233B62CDE46DBB924B27CED2DA9180E8A10
Participant Details
Original Note:
Those who spend less than they make pay their bills. Those that spend more than they make accumulate debt which, if left unchecked, can lead to defaulting on loans and legal action from creditors. Good financial principles suggest a country should align with the 1st group https://www.cato.org/blog/debt-limit-high-costs-debt#:~:text=High%20and%20rising%20debt%20slows,bonds%20and%20the%20U.S.%20dollar. https://www.cbo.gov/publication/59119
All Note Details