Birdwatch Note Rating
2023-05-07 13:08:05 UTC - HELPFUL
Rated by Participant: C254D97183940378E7F253BCBC735611805856CEAB670BD0834D65C83EE8A22C
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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