Posted on 03/23/2026 7:08:54 PM PDT by logi_cal869
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.
Importantly, the $47.78 trillion in reported liabilities does not include the unfunded obligations of social insurance programs like Social Security and Medicare — those are disclosed separately in the off-balance-sheet Statement of Social Insurance (SOSI).
The government’s consolidated balance sheet position, excluding the SOSI, deteriorated by nearly $2.07 trillion between FY 2024 and FY 2025, reaching a staggering negative $41.72 trillion. Total liabilities are now nearly eight times the value of reported assets. The largest drivers were a $2 trillion increase in federal debt and interest payable (now $30.33 trillion) and a $438.8 billion increase in federal employee and veteran benefits payable (now $15.47 trillion).
The Off-Balance-Sheet Iceberg The off-balance-sheet picture is even more alarming. The 75-year unfunded social insurance obligation surged by $10.1 trillion in a single year, rising from $78.3 trillion in FY 2024 to $88.4 trillion in FY 2025 — driven primarily by a $6.9 trillion jump in projected Medicare Part B shortfalls and a $2.5 trillion increase for Social Security. The Treasury’s Statement of Long-Term Fiscal Projections shows the 75-year fiscal gap widening from 4.3% of GDP in FY 2024 to 4.7% in FY 2025.
If the $88.4 trillion in 75-year off-balance-sheet obligations were added to the $47.8 trillion in official balance sheet liabilities, total federal obligations would now exceed $136.2 trillion — roughly five times U.S. annual GDP.
(Excerpt) Read more at yahoo.com ...
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DOGE did all they could. They investigated. They showed us where the money was going. They recommended cuts to Congress.
Congress approved VIRTUALLY NONE of their suggestions.
Know where the blame lies.
DOGE was a blessing. We now know, with certainty, how bad things really are. And HOW BAD Congress really is.
To be fair, you’re not insolvent if you own a printing press than can print $100 bills.
Of course that would lead to hyperinflation. The question is not if, but when that will happen.
I keep telling the Missus we need to use “Off Balance Sheet Financing” to live large in retirement. But she resists.
Yep, they refuse to cut spending.
“He has erected a multitude of New Offices, and sent hither swarms of Officers to harrass our people, and eat out their substance.”
From the Declaration of Independence.
I suppose I should have elaborated:
My DOGE comment was regarding the concept.
The overarching question is, did zero give the iranian mullahs - the ones still living and knowing the account numbers - enough scratch to trigger a financial apocalypse to finish the job congress started?
The federal government only has 6 trillion dollars in assets?
I find that hard to believe considering the federal government owns over 25 percent of the U.S. land mass and all the oil, gold and other minerals on and under the land; and the water; and the fishes; and the timber . . .
OMG, we’re insolvent. All our creditors are going to force the US into bankruptcy court and...wait a sec. We don’t have any creditors. The people who buy our debt have to use the dollars they earn in the private economy. So, where does the private economy get those dollars to buy our federal debt? From the Treasury. It’s a self-licking ice-cream cone.
As long as we don’t borrow money from other currency issuers that require us to convert our dollars into their currency at some exchange rate, the dollars never really leave the country. They just cycle from public to private bank accounts.
How is this possible. Every time government spends money they call it an “investment.”
And as usual the democrats will blame “corporations) a tax breaks “for millionaires and billionaires.”
Starting around 2035, if no changes are made, retirees will receive roughly $0.80 for every $1 of their scheduled Social Security benefits.
Pay off the debt with the salaries of current, and pensions of former, Senators and representatives. That should reduce the debt significantly over the next few years.
And with the exception of trump and a few others every elected idiot hopes that happens after they retire with their well feathered nests
Yes, nonsense article via nonsense source.
If I had a dollar for every time I've heard, "Kick the can down the road..."
So, if a dude with $1,000 in assets takes a first job at $100k a year with $50k student loan he is insolvent?
* Depreciation of monetary currency.
* Based on 🛢️
Oil based dollar, may never come down now.
The Strait is an excuse. ✖️
The 30 Trillion Private National Currency Spill. ✖️
Yes. Those are the off balance sheet assets.
3 choices when push comes to shove in 2032 at the latest:
1. Cut the long-promised benefits, and make every elderly voter scream for blood.
2. Raise taxes, and hit every worker with a heavy new burden - and a promise it will keep increasing as the elderly population grows and the population of workers shrinks with each passing year.
3. Try to kick the can down the road with more deficit spending. Except the bond market will know this is a sign of doom for the value of the dollar as the debt will be snowballing so fast as a result that hyperinflation will be inevitable - and that it will come quickly at that point.
Be ready for the storm, whichever way things turn.
He is if he then proceeds to spend $130,000/year on himself.
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