160
The Treasury just declared the U.S. insolvent. The media missed it (fortune.com)
submitted 1 week ago* (last edited 1 week ago) by spaghettiwestern@sh.itjust.works to c/progressivepolitics@lemmy.world
25 comments fedilink hide all child comments

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.

you are viewing a single comment's thread
view the rest of the comments
[-] JcbAzPx@lemmy.world 21 points 1 week ago

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 17 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.

[-] HeyThisIsntTheYMCA@lemmy.world 1 points 1 week ago

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

this post was submitted on 24 Mar 2026
160 points (87.7% liked)

Progressive Politics

4418 readers
896 users here now

Welcome to Progressive Politics! A place for news updates and political discussion from a left perspective. Conservatives and centrists are welcome just try and keep it civil :)

(Sidebar still a work in progress post recommendations if you have them such as reading lists)

founded 2 years ago
MODERATORS
TokenBoomer@lemmy.world