Birdwatch Note Rating
2024-10-02 16:02:20 UTC - NOT_HELPFUL
Rated by Participant: 5A6C7B5D9679186980B338862A743398083962C6B33A541242AB405D0AB8A7BF
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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