US Treasury: USA is insolvent
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https://fortune.com/2026/03/23/us-government-insolvent-fiscal-crisis-fix/
From the article:
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).
Total liabilities are now nearly eight times the value of reported assets.
Not only has the financial press ignored the consolidated financial statements, but most members of Congress and members of the general public will not read the consolidated financial statements.
Most people cannot relate to trillion-dollar figures on a government ledger. So consider this: divide every number by 100 million - drop eight zeros - and federal finances look like a household budget in free fall.
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 $1.3 million in the hole. Uncle Sam, by any accounting standard, is insolvent.
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