Birdwatch Note Rating
2023-06-02 17:31:08 UTC - HELPFUL
Rated by Participant: 5926E5D40EA0EE16FE23941EADF05B78DEFDFD84D1DBEB3D7B9E250AA522B6DC
Participant Details
Original Note:
The debt limit is the amount of money the US govt is authorized to borrow to meet its existing financial obligations. Cutting spending now has NO EFFECT on the need to raise the debt ceiling. Cut it to ZERO & it would still need to be raised. It is money already spent. https://home.treasury.gov/policy-issues/financial-markets-financial-institutions-and-fiscal-service/debt-limit
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