Birdwatch Note Rating
2023-05-07 07:56:27 UTC - HELPFUL
Rated by Participant: F8EECC889C5D7A3470DEDE342E7F921A2FA2E89C33563CA8E48CC13568CCC43E
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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