Birdwatch Note Rating
2024-10-01 15:44:37 UTC - HELPFUL
Rated by Participant: 2FF19B5E83B8FFABF3A05686DC9D3A0ED9A704487B4742DDAE9D80BB6DA3B295
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/
All Note Details