Birdwatch Note Rating
2023-05-07 03:12:15 UTC - HELPFUL
Rated by Participant: 8413633E576A4D72316DCBCC16DD6B9362C24EB27398FCD7DBA90B344D27F010
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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