Birdwatch Note Rating
2024-10-01 02:01:58 UTC - HELPFUL
Rated by Participant: 46CD423AFD4C68721C14B5C0F2985BD61A4A0420AAB79AAE643BD56B1F24371A
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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