Birdwatch Note Rating
2024-10-02 02:37:49 UTC - HELPFUL
Rated by Participant: 142E3971AA49D73D98CAEF7CB09A619C23E16F8E59D918227E79A178144FC6DB
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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