this post was submitted on 24 Mar 2026
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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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[–] AA5B@lemmy.world 25 points 2 days 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
[–] 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.

[–] A_norny_mousse@piefed.zip 10 points 1 day ago

Who'd'a thougt that more than a full year of complete incompetence, near-limitless spending for fascist buildup, and lining MAGAs private pockets could lead to finding the botoom of the barrel?

[–] cybervseas@lemmy.world 31 points 2 days ago (2 children)

Hardcore republicans braying about the national debt as an excuse to push for cutting social services…

[–] 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.

[–] Skyrmir@lemmy.world 3 points 2 days ago

It's from fortune, so you already know it's paid propaganda.

[–] jubilationtcornpone@sh.itjust.works 12 points 1 day 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.

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

[–] Chais@sh.itjust.works 6 points 1 day ago

He told you he would run Amerika like one of his businesses. Not sure what you expected would happen.

[–] karashta@piefed.social 11 points 2 days ago (1 children)

You can't go insolvent when you are the source of the money. Who writes this slop?

[–] GalacticSushi@piefed.blahaj.zone -5 points 2 days ago (1 children)

Are you saying money didn't exist until 1776?

[–] TachyonTele@piefed.social 5 points 2 days ago (1 children)

How did you get that from what they said?

[–] magnetosphere@fedia.io 2 points 2 days ago

I’m gonna guess it was “creative” interpretation driven by a desire to seem smart and/or stir the shit.

[–] 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.

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

[–] Trying2KnowMyself@lemmy.ml 8 points 2 days ago

Conservative debtslop

[–] homes@piefed.world 6 points 2 days ago

“Missed”

[–] AlecSadler@lemmy.dbzer0.com 2 points 1 day ago
[–] FistingEnthusiast@lemmy.world 4 points 2 days ago (1 children)

Are you great yet, 'Murica?

!You never were!<

[–] samus12345@sh.itjust.works 1 points 2 days ago

MAGFTFT! (Make America Great For The First Time)

[–] Mulligrubs@lemmy.world 2 points 2 days ago (1 children)

We should print more money, I'm sure that will help!

[–] samus12345@sh.itjust.works 3 points 2 days ago (1 children)
[–] A_norny_mousse@piefed.zip 3 points 1 day ago* (last edited 1 day ago)

Can't really top that.

Also