Birdwatch Note Rating
2024-08-16 16:50:30 UTC - HELPFUL
Rated by Participant: EBFF1C1A79F1FF43920D92A495AA67C74B98C7BCF4901B65E4B0228850EE458B
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