Birdwatch Note Rating
2023-05-29 20:27:07 UTC - HELPFUL
Rated by Participant: D6602F91F0E36E0C5230FB766CF1529E6FB5FC677DCB17B715875A16E39AD7A4
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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