Birdwatch Note Rating
2023-05-07 05:21:47 UTC - HELPFUL
Rated by Participant: E195C7CDAAAABFB68D9479F358B7946C6AF9F85EB74B0127FA90E8698D384231
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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