Birdwatch Note Rating
2023-05-07 07:26:48 UTC - NOT_HELPFUL
Rated by Participant: 48AF0833F015D58345270CAE0146FD969133EAA4BF3E76AE9670BA9163DF111C
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
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