Birdwatch Note Rating
2024-08-16 17:47:29 UTC - HELPFUL
Rated by Participant: A444EE0274B02491863DEC3CFFADE43E5BDE303F421F68F7B79CE0C900303E1D
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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