Submitted 1 day ago by CubitOom@infosec.pub to economics@lemmy.world
https://fortune.com/2026/03/23/us-government-insolvent-fiscal-crisis-fix/
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.
INSOLVENT? Have we tried REDUCING Taxes on the people who could LITERALLY PAY OFF ALL OUR DEBTS over the Course of a Decade?
This is some kind of weird propaganda. Too many words like “staggering”, and the punchline is a few paragraphs down. He calls for an article V convention and a “fiscal responsibility” amendment. He says that there are relatively few assets on the govt balance sheet but doesn’t explain how and whether future tax receipts are booked on it. I’m no accountant but booking prospective tax collection (not on income that has already been received, but on nebulus future earnings) as assets sounds pretty dubious. On the other hand, they say death and taxes are the only true certainties in existence. So it’s not like the taxes won’t happen. “Full faith and credit of the United States” basically promises that.
It’s aiming to fear monger about funding social services.
This is kind of stupid. We’re solvent. There are bases all over the world. Lots of resources to rape. Basically, this only means that BRIC countries make their own currency, people stop buying worthless US shit bonds, and the world economy slowly suffers as the US sucks the life out of everything to give Israel money for the death cult.
Eventually, a new currency arises, the world moves on, and the US becomes a huge isolationist North Korea with the Handmaid’s Tale going on.
What a crap headline. Of course neither the US government nor or the fed nor the treasury is insolvent. The national debt is a large number, has been for a long time, and can be an even bigger number forever. Has nothing to do with insolvency. The fed will always be able to conjure money out of thin air so there can’t even exist a situation in which the government is insolvent. Whether the world economy will forever cherish the dollars they print as a reserve currency is a different question (no it won’t ), and something that deserves scrutiny and public attention. But stupid fearmongering articles like this don’t add anything of value to that discussion.
Not missed it. Not reported on because of fear of reprisals and majority of the media is right winged so it doesn’t suit their narrative. The media in the US is completely controlled now. Freedom of the press is now a feverdream.
currency issuers are never insolvent in the currency they issue.
Conservative debtslop
“we should pass legislation to limit all new federal spending, unless offset we should have a balanced budget.”
Cool on paper but it’ll be, cut everything humans use and the entire budget will go to Lockheed and palantir. Everyone dies.
we need to collect taxes and if cuts need to be made it should start with the military and not go to other things till its disbanded. social safety nets should get cut last.
Gonna need a v for vendetta moment for that to happen. It will eventually as all regimes end but in our current timeline…
Insolvency can’t hurt me, I’m an MMTist.
zikzak025@lemmy.world 1 day ago
This article might have had a point if governments were financed at all like companies. But thank goodness they aren’t.
Something needs to be done about the out-of-control spending in the US, but I certainly won’t be trusting any Republican-led initiatives to have those answers.