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TokenBoomer@lemmy.world

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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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[–] andyburke@fedia.io 32 points 2 days ago

Meanwhile Trump and the GOP are paying a french company $1B to stop an offshore wind project with a supposed promise to instead invest in fossil fuels.

So piss our tax money away to a foreign company in the hopes they're going to invest in last century's tech.

It is always 🤡 shit with conservatives.