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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[–] cybervseas@lemmy.world 60 points 1 week ago (2 children)

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

[–] Skyrmir@lemmy.world 7 points 1 week ago

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

[–] corsicanguppy@lemmy.ca 6 points 1 week 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.

[–] andyburke@fedia.io 59 points 1 week 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.

[–] AA5B@lemmy.world 30 points 1 week 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
[–] JcbAzPx@lemmy.world 21 points 1 week ago (3 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 16 points 1 week 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.

[–] danc4498@lemmy.world 1 points 1 week ago

You seem to be saying reasonable things. Can you tell if this is… normals? Whatever that might mean.

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

[–] jubilationtcornpone@sh.itjust.works 19 points 1 week 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.

[–] A_norny_mousse@piefed.zip 13 points 1 week 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?

[–] karashta@piefed.social 13 points 1 week ago (1 children)

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

[–] GalacticSushi@piefed.blahaj.zone -3 points 1 week ago (1 children)

Are you saying money didn't exist until 1776?

[–] TachyonTele@piefed.social 8 points 1 week ago (1 children)

How did you get that from what they said?

[–] magnetosphere@fedia.io 3 points 1 week ago

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

[–] Chais@sh.itjust.works 13 points 1 week ago

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

[–] homes@piefed.world 7 points 1 week ago

“Missed”

[–] FistingEnthusiast@lemmy.world 5 points 1 week ago (1 children)

Are you great yet, 'Murica?

!You never were!<

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

MAGFTFT! (Make America Great For The First Time)

[–] Mulligrubs@lemmy.world 3 points 1 week ago (1 children)

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

[–] samus12345@sh.itjust.works 10 points 1 week ago (1 children)
[–] A_norny_mousse@piefed.zip 3 points 1 week ago* (last edited 1 week ago)

Can't really top that.

Also

burn money :: width=35%

[–] AlecSadler@lemmy.dbzer0.com 2 points 1 week ago