Birdwatch Note Rating
2023-11-30 14:32:17 UTC - HELPFUL
Rated by Participant: 078E36C436C2E2AAAEC0429A55D19CDC2C8FBF033F2D0DC1EA64863DC9191A79
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Original Note:
This is false. Government spending (GS) increased by 5.5%, but did not contribute 5.5% to GDP growth. https://twitter.com/JosephPolitano/status/1730066558028800328 GS is usually ~35% GDP, so a 5% increase in it would increase GDP by around 1.75%. (5% × 35%)* https://tradingeconomics.com/united-states/government-spending-to-gdp *Government spending often fluctuates. This is a rough estimate.
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