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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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[–] corsicanguppy@lemmy.ca 4 points 2 days ago

Yep. It's just a ploy for more of the austerity crap as they've been doing, but this time they'll raid what's left of pensions, healthcare, welfare, infrastructure, and all the other things they hate for us to have.

Weird how much they're gonna be spending to replenish their stockpile of ammo, though.