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 ...
“Not true ($6 trillion is accurate)”
Read the fine print: “Other significant government resources not reported on the Balance Sheet include the government’s power to tax and set monetary policy, natural resources, and stewardship assets.”
Not sure why they don’t put all the assets on the books - don’t want to I guess. They are playing some kind of game when they hijack the definition of insolvent.
A better statement is the federal government spends way too much.
<>And HOW BAD Congress really is.<>
The dollar buys a few percent of what it did a hundred years ago.
Lenin called debauching the currency as the best way to bring down capitalism.
We cannot despise Congress enough.
I don’t agree with the verbiage, but any news about the debt is good (ignoring it has consequences, and congress seems hellbent on going down that road).
I've been expecting it for the past 45 years. I think, the age of computers has allowed our financial "bright boys" to keep the ball in the air longer than any country in history. But, eventually, I am confident that gravity will win.
“But, eventually, I am confident that gravity will win.”
There is no gravity. Only the warping of space-time.
That's a good question. I keep reminding people that Obama gave a good faith effort (being generous) at trying to reach out a positive hand to Iran. They were offered an off-ramp from their Highway to Hell, a chance to join the modern world of nations.
What did they do? They took the money and immediately invested it in more missiles, more uranium, more violence from Hamas and Hezbollah, and set up a new surrogate with the Houthis. They made their choice, and now is the time of reaping what they sowed.
We should all thank God Almighty that we have a leader with the courage to do what MUST be done, for the sake of the world.
Thanks for the memes... I presume your approval for me to copy and use in my own debates?
Option 1 will win. It’s just a 25% reduction. The leaders would survive that kind of cut. Seniors are the MOST wealthy in our country... we “deserve it”? That’s what they will say.
If they had ANY courage, they would remove the cap on SS taxation, gradually raise the retirement age to 70 (over 15 years), and allow manual labor workers to start taking SS at 60 years of age. Doing these things would push the time of default another decade or two.
It’s STILL the can down the road. But, it’s a pretty long kick
lol good point.
I am also now a “TexasGator”. I’m a Texan, through and through. But have spent the past 33 years living in Louisiana and Kentucky. Now, I’m likely in my final resting place... near Tampa.
Gravity here still seems to be real, and ever evident.
Like thats going to happen.
I’ll bet every freeper commenting on this thread was against the tariff. Hypocrisy is running amok here.
Well, not here (to be clear).
Permission/ approval not required on FR. It is a pleasure when a Freeper “swipes” a meme.
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