Birdwatch Note Rating
2024-10-02 06:19:37 UTC - HELPFUL
Rated by Participant: 7F3455BD14FC81C5FB1DF7F94E730E631944AAFA41B44ECBDD2FE05651F32A6F
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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