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submitted 1 month ago* (last edited 1 month ago) by spaghettiwestern@sh.itjust.works to c/progressivepolitics@lemmy.world

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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[-] JcbAzPx@lemmy.world 22 points 1 month 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 18 points 1 month 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.

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this post was submitted on 24 Mar 2026
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