this post was submitted on 24 Mar 2026
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The Treasury just declared the U.S. insolvent. The media missed it (fortune.com)
submitted 2 days ago* (last edited 2 days ago) by spaghettiwestern@sh.itjust.works to c/progressivepolitics@lemmy.world
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The U.S. government is insolvent. That’s not hyperbole — it’s the conclusion drawn directly from the Treasury Department’s own consolidated financial statements for fiscal year 2025, released last week to near-total media silence. The numbers: $6.06 trillion in total assets against $47.78 trillion in total liabilities as of September 30, 2025.

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[–] karashta@piefed.social 11 points 2 days ago (1 children)

You can't go insolvent when you are the source of the money. Who writes this slop?

[–] GalacticSushi@piefed.blahaj.zone -5 points 2 days ago (1 children)

Are you saying money didn't exist until 1776?

[–] TachyonTele@piefed.social 5 points 2 days ago (1 children)

How did you get that from what they said?

[–] magnetosphere@fedia.io 2 points 2 days ago

I’m gonna guess it was “creative” interpretation driven by a desire to seem smart and/or stir the shit.