this post was submitted on 24 Mar 2026
113 points (92.5% liked)

Progressive Politics

4400 readers
386 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
113
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
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
[–] jubilationtcornpone@sh.itjust.works 12 points 2 days ago (1 children)

Tax cuts for the wealthy, the cap on social security taxes, and excessive spending on "defense" are directly responsible for the Fed's obscene debt load.

"Trickle down economics" is a giant scam that has produced zero meaningful results in 45+ years.

[–] kryptonianCodeMonkey@lemmy.world 7 points 2 days ago

It's produced results. These are the results. Congratulations.