Zhi Zhu 🕸️10h ago

"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

Show threadZhi Zhu 🕸️

"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

The Treasury just declared the U.S. insolvent. The media missed it

The Government Accountability Office can't even verify the books. Here's what Congress must do.

Fortune
10:09pmWeb
Show threadZhi Zhu 🕸️9h ago

"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/

#Trump #Politics #Military #News #US #USA

The Treasury just declared the U.S. insolvent. The media missed it

The Government Accountability Office can't even verify the books. Here's what Congress must do.

Fortune
Show threadRich Stein (he/him)5h ago
@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
Show threadJames 🦉 #FBPE 🇪🇺7h ago
@ZhiZhu He moved on it like one of his businesses
Show threadprozacchiwawa4h ago
@ZhiZhu do enough hyperinflation and we'll be able to pay off that 42 trillion with a single facebook marketplace sofa.