Birdwatch Note Rating
2024-09-30 17:08:51 UTC - HELPFUL
Rated by Participant: 450338837C23AA0953D09E84ACC6AD6A235107A215331AB65FDA5550DDC8DF7E
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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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