Birdwatch Note Rating
2024-09-30 19:01:29 UTC - HELPFUL
Rated by Participant: 3E37AF015EA59B1F60B58D4A0CAC169F803DE14BDFF0D1FFF95679FCF5DE79D2
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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