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.
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.
It’s also Fortune, so the goal of the article is to push for austerity via constitutional amendment as framed by a republican congresswoman.
You seem to be saying reasonable things. Can you tell if this is… normals? Whatever that might mean.
yup. i got about 3 paragraphs in before it was too bullshit for me. no professional analysis, sorry.