Birdwatch Note Rating
2024-08-16 21:32:55 UTC - HELPFUL
Rated by Participant: 05BB4EC551E9A09A33264EC1F1FB0545173BA91F91A2B96CFFB7757E273B5787
Participant Details
Original Note:
The US federal government does not print money to finance deficit spending. Deficits in the US budget are filled by borrowing money by selling Treasuries, bonds, and other securities. https://fiscaldata.treasury.gov/americas-finance-guide/national-deficit/#:~:text=To%20pay%20for%20a%20deficit,investors%20who%20purchased%20these%20securities.
All Note Details