Birdwatch Note Rating
2023-05-07 07:49:16 UTC - NOT_HELPFUL
Rated by Participant: 9263B09B116052A95B2DEA35BE569CAB10E39A38509ECC9CEC157179DF209668
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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