Birdwatch Note Rating
2024-09-30 18:08:45 UTC - HELPFUL
Rated by Participant: 0FFDB09DDEDE4FDB42E08C543FA435E9903F6B9A15981E0C78E966ABC0D0627C
Participant Details
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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