Birdwatch Note Rating
2023-05-08 03:30:09 UTC - HELPFUL
Rated by Participant: B06B40C74D6CE06178E5389D6A373DE1027AFE150EB119002CE45DB0CC02D8D3
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
All Note Details