Birdwatch Note Rating
2024-09-30 16:43:58 UTC - HELPFUL
Rated by Participant: 0880A81B2A5E07AA1DB9D7CCE63DF93E52F995FE793DE5631937EE813E2EB1F9
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Original Note:
Trade deficits and budget deficits are fundamentally different. A trade deficit is when a country imports more than it exports. A budget deficit happens when the government’s expenditures exceed its revenues, necessitating borrowing or financing to cover the shortfall. https://taxfoundation.org/blog/trade-deficit-myths/
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