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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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[–] JcbAzPx@lemmy.world 10 points 2 days ago (2 children)

Conclusion drawn a journalist. Not the treasury or even an accountant. It's certainly not a good thing, but that's not how that works at the level of a nation state.

[–] KnitWit@lemmy.world 10 points 2 days ago

It’s also Fortune, so the goal of the article is to push for austerity via constitutional amendment as framed by a republican congresswoman.

[–] HeyThisIsntTheYMCA@lemmy.world 1 points 1 day ago

yup. i got about 3 paragraphs in before it was too bullshit for me. no professional analysis, sorry.