Birdwatch Note Rating
2024-10-01 02:24:57 UTC - HELPFUL
Rated by Participant: 7641FA6BA9B570E13002B62883A11B90C0873F8EAFB39635A91B89E1480C63A4
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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