"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 @politics So Trumpty has managed to bankrupt the USA?! Not unexpected.

@alex_p_roe @ZhiZhu @politics

Reading the report it sounds like this isn’t new, though it is accelerating. That and the fixation on simplifying this down to a “household” budget makes me believe this is some Chicago School wankfest.

@ajn142

Yep, you got it in one try.

@glc @ajn142

Yes, surely getting rid of social security will solve the nation’s financial woes.

Every damn time with these guys.

E:’

@alex_p_roe @ZhiZhu @politics

#mmt
You. Can’t. Bankrupt. A. Currency. Sovereign.
#mmt

But it can default by choice.