Birdwatch Note Rating
2024-10-01 00:30:31 UTC - HELPFUL
Rated by Participant: 2E0D356583DB4B2328380BE3175DF06D9D34394EC8A924B1B271E644BAB9BCDC
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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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