Birdwatch Note Rating
2024-10-01 05:38:02 UTC - HELPFUL
Rated by Participant: 23B306DC19F0EFBA0CD536651692F53D516EC4E60E5BD12E33E00C95908EFD75
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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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