this post was submitted on 23 Mar 2026
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Economics

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The Treasury just declared the U.S. insolvent. The media missed it (fortune.com)
submitted 1 week ago by CubitOom to c/economics@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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[–] zikzak025@lemmy.world 35 points 1 week ago

This article might have had a point if governments were financed at all like companies. But thank goodness they aren't.

Something needs to be done about the out-of-control spending in the US, but I certainly won't be trusting any Republican-led initiatives to have those answers.