Birdwatch Note Rating
2024-09-30 18:59:42 UTC - HELPFUL
Rated by Participant: A7C6344455772CE415C4CDE2CD80E29945983C111243EAB263B7CC6427C9E189
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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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