Birdwatch Note Rating
2024-09-30 23:32:23 UTC - HELPFUL
Rated by Participant: 77C66AFF614B8DAE72A4A4D244A9FD6BDAED1B8EF25A3B1BCAF9932D153FED87
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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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