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.
I cannot take anyone seriously who complains about government spending deficits and potential (or actual) insolvency, and then proceeds to support politicians and policies that are, as we speak, in the process of fully nuking the concept of the USD global standard through various fascinating and footgun-esque means, thereby making the spending deficits a concrete, catastrophic problem.
This opinion piece keeps getting posted (and removed) all over Lemmy because of the catchy hyperbolic headline.
Using existing problems as a pretense for austerity so they can fund whatever bullshit they’re on next. More concentration camps? Invading another country? Who knows.
I’m confused
By those numbers insolvency can’t be a new situation so I’m confused by the argument that US media should be reporting this now. What am I missing?
You’re not missing anything, the article is a wild misrepresentation of how nation-state finances work. This piece is pretty transparently pro-austerity/conservative funding bill propaganda.
That’s okay, because the billionaires now have more billions.
The debt will be paid by increasing taxes for the American workers.
All good, nothing to see here, go back to work my little slave.
Consider this folks. The Trump administration did a whole song and dance of supposedly of getting spending down to finally pay the debt. Yet here we are the debt still skyrocketing and the economy is in free fall
Thank you.
Isn’t this one of those fiscal conservative loonies that wants to put austerity directly into the constitution
Austerity is fine if it starts with the people at the top. Then we can see how much we have when they’re not living like kings.
Yes it is.
That’s hyperbole because the us gov has been insolvent
Yeah, but there has to be a point to making the statement.
The point is the writer is a midwit
It’s not insolvent. The treasury didn’t say it was insolvent. It’s a consecutive org pushing a “balanced budget amendment”.
You fell for their propaganda.
Hey I’m not here for astute observations, because what is there to observe
Is this where trump starts selling off parts of the US & government to buddies for cheap?
He’s already been doing that. It has nothing to do with the debt.
