this post was submitted on 24 Mar 2026
112 points (92.4% liked)

Progressive Politics

4389 readers
485 users here now

Welcome to Progressive Politics! A place for news updates and political discussion from a left perspective. Conservatives and centrists are welcome just try and keep it civil :)

(Sidebar still a work in progress post recommendations if you have them such as reading lists)

founded 2 years ago
MODERATORS
TokenBoomer@lemmy.world
112
The Treasury just declared the U.S. insolvent. The media missed it (fortune.com)
submitted 1 day ago* (last edited 1 day ago) by spaghettiwestern@sh.itjust.works to c/progressivepolitics@lemmy.world
24 comments fedilink hide all child comments
 

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.

you are viewing a single comment's thread
view the rest of the comments
[–] AA5B@lemmy.world 25 points 1 day ago

Horrible article and worse headline, that trivializes a serious issue.

  1. There is no “insolvent”. There really isn’t even the concept
  2. There is a serious increase in debt that we ought to do something about (like by cutting the recent tax breaks for wealthy)
  3. Social security and Medicare are underfunded, but it’s stupid to add a “75 year liability” to the current year and complain about how big it is. It’s like 80% funded by tax revenue over that 75 years and certainly not due this year