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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[–] 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...