Birdwatch Note Rating
2024-10-01 02:01:59 UTC - HELPFUL
Rated by Participant: 8E868D65FCF2B304A0B6BA622F28BC26D196B03730DC3551B1B0C65F23F18D99
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/
All Note Details