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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[–] pdxfed@lemmy.world 4 points 1 week ago (1 children)

"we should pass legislation to limit all new federal spending, unless offset we should have a balanced budget."

Cool on paper but it'll be, cut everything humans use and the entire budget will go to Lockheed and palantir. Everyone dies.

[–] HubertManne@piefed.social 1 points 1 week ago (1 children)

we need to collect taxes and if cuts need to be made it should start with the military and not go to other things till its disbanded. social safety nets should get cut last.

[–] pdxfed@lemmy.world 1 points 1 week ago

Gonna need a v for vendetta moment for that to happen. It will eventually as all regimes end but in our current timeline...