Birdwatch Note Rating
2024-10-01 11:40:33 UTC - HELPFUL
Rated by Participant: 55196D08DCC11C68A0CA75E55D522C4F2655F6E98823EDB54DA34E71A3A2DDC7
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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