Birdwatch Note Rating
2023-05-13 13:57:04 UTC - HELPFUL
Rated by Participant: CDA342647787385DD6154C4B1A18A249F871D85675EF5C65128D51E612CE6CB7
Participant Details
Original Note:
The $3T deficit reduction claim is relative to a prior @USCBO 10-year baseline estimate. https://www.ntu.org/foundation/detail/whats-in-president-bidens-2024-budget-an-overview-and-analysis#:~:text=President%20Biden's%20budget,GDP%20in%20CBO's%20baseline Not mentioned, but important contextually: his 10-year budget has $17T of deficits. This would increase the $31T national debt by 54%. See Table S-1 in https://www.whitehouse.gov/wp-content/uploads/2023/03/budget_fy2024.pdf. https://www.usdebtclock.org/ https://fiscaldata.treasury.gov/americas-finance-guide/national-deficit/#:~:text=The%20terms%20deficit,the%20debt%20grows
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