Birdwatch Note Rating
2024-09-30 17:47:41 UTC - HELPFUL
Rated by Participant: EFAA174DCA09F526630AF67A120CC074731B70913612619F88CD7196AEB907A9
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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