Birdwatch Note Rating
2023-05-07 12:48:06 UTC - HELPFUL
Rated by Participant: C37C5CBCE32E243B6F7873F5480C75C7A7256FBCF4DDEEBDE3B926430BB2C702
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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