Birdwatch Note Rating
2023-05-07 05:33:45 UTC - SOMEWHAT_HELPFUL
Rated by Participant: C46E81836F571E260EA7C5861534C455E19900E3E1B74E5BB6964B98CB26003F
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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