Mastodawn

RE: https://dobbs.town/@JStep/116284641925356627

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.

via @swggrkllr3rd

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Joanna Bryson, blathering 1d ago

Most people cannot relate to trillion-dollar figures on a government ledger. So divide every number by 100 million — drop eight zeros — and federal finances look like a household budget in freefall.
That household earns $52,446 and spends $73,378 — running a $20,932 annual deficit. Its total liabilities and unfunded promises amount to $1,361,788 against just $60,554 in assets, leaving it $1.3 million in the hole. Uncle Sam, by any accounting standard, is insolvent.

Joanna Bryson, blathering 7h ago

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Bjorn

@j2bryson I believe it is not a good way to think about things. The federal budget is in shambles but not in this way. The job of the federal budget is to keep the economy running smoothly, it owns the money supply and can’t be insolvent. If we insist on the home budget comparison the situation we’re in is the parents are handing out 20,000 gold stars to one kid and spending all its time and resources making sure the golden child is never bored while the other 3 are locked in the basement.