Birdwatch Note Rating
2023-05-08 03:50:40 UTC - HELPFUL
Rated by Participant: 8008603D3AB077F65144C2CFA100110CB2E989E3DE15381769F4398BF1412C8C
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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