Birdwatch Note Rating
2024-08-16 21:42:22 UTC - HELPFUL
Rated by Participant: 95AD3092FBF454D8729ED8F60E775B1FAC0B847BA1A8A4405B567B9045918EE5
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.
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