"The U.S. #government is insolvent.
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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."
https://fortune.com/2026/03/23/us-government-insolvent-fiscal-crisis-fix/#DonaldTrump #Trump #GOP #Politics #USPol #Finance #Economics #News #US #USA #UnitedStates #America #Debt #deficit
@ZhiZhu
When you can issue the currency, you can't become insolvent.You can have problems, but that one is misinformation.
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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."
https://fortune.com/2026/03/23/us-government-insolvent-fiscal-crisis-fix/#DonaldTrump #Trump #GOP #Politics #USPol #Finance #Economics #News #US #USA #UnitedStates #America #Debt #deficit
@ZhiZhu thanks a lot, Biff
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"The #Government Accountability Office (GAO) issued a disclaimer of opinion on the U.S. government’s FY 2025 financial statements — the 29th consecutive year it has been unable to determine whether the statements are fairly presented. This is primarily due to serious, ongoing financial management problems at the
Dept of Defense
[which failed EVERY audit ever given it] and weaknesses in accounting for interagency transactions"
https://fortune.com/2026/03/23/us-government-insolvent-fiscal-crisis-fix/@ZhiZhu
Don't worry. The current regime is going to make everything better, and they're not relying on smoke and mirrors — they're more of the thoughts and prayers type.
https://mastodon.social/@RunRichRun/116286205189497060 -
"Importantly, the $47.78 trillion in reported liabilities does not include the unfunded obligations of social insurance programs like Social Security & Medicare...
The government’s consolidated balance sheet position... deteriorated by nearly $2.07 trillion between FY 2024 & FY 2025, reaching a staggering negative $41.72 trillion. Total liabilities are now nearly eight times the value of reported assets."
https://fortune.com/2026/03/23/us-government-insolvent-fiscal-crisis-fix/#DonaldTrump #Trump #GOP #Politics #Economics #News #US #USA
@ZhiZhu do enough hyperinflation and we'll be able to pay off that 42 trillion with a single facebook marketplace sofa.
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"The #Government Accountability Office (GAO) issued a disclaimer of opinion on the U.S. government’s FY 2025 financial statements — the 29th consecutive year it has been unable to determine whether the statements are fairly presented. This is primarily due to serious, ongoing financial management problems at the
Dept of Defense [which failed EVERY audit ever given it] and weaknesses in accounting for interagency transactions"
https://fortune.com/2026/03/23/us-government-insolvent-fiscal-crisis-fix/@ZhiZhu
Good stuff but i disagree with the conclusion. I don't think they will legislate their way out of this if Trump keeps announcing fiscal policy with executive memos -- they have to impeach him -
R relay@relay.infosec.exchange shared this topic
