Birdwatch Note Rating
2024-10-25 12:13:30 UTC - HELPFUL
Rated by Participant: 45DEACAC6B6F63DE6CC863BCC8FD9C2D0B00E68BE1FB04BDD4FED4624A8309EF
Participant Details
Original Note:
This statement is misleading. National debt measures the total amount the government owes, not the total amount of dollars in circulation. It reflects borrowing, which funds spending beyond tax revenues, but it’s not equivalent to the money supply itself. https://fiscaldata.treasury.gov/americas-finance-guide/national-debt/ https://www.investopedia.com/updates/usa-national-debt/
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