Birdwatch Note Rating
2023-05-07 04:15:36 UTC - HELPFUL
Rated by Participant: 379CE58C4F820EC287B7E7DA81538FF5F66EBB90C48D8B78DDE0264D356BC49D
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