Birdwatch Note Rating
2024-08-16 18:36:36 UTC - HELPFUL
Rated by Participant: FD81003541FAD99861AF4F6E3C549D56EE76B1A5B36BE1A5BB78520160A35721
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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