Birdwatch Note Rating
2024-09-30 22:42:14 UTC - HELPFUL
Rated by Participant: 9EF4CBCA95FE331285D7086D14B38D3D29E13BCD0EE29CF582C551E41DD5F702
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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