Birdwatch Note Rating
2023-05-08 15:49:44 UTC - HELPFUL
Rated by Participant: 7641FA6BA9B570E13002B62883A11B90C0873F8EAFB39635A91B89E1480C63A4
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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