The Treasury just declared the U.S. insolvent. The media missed it | Fortune
Source: fortune.com
- U.S. government assets total $6.06 trillion, but liabilities hit $47.78 trillion, creating a $41.72 trillion deficit.
- Off-balance-sheet promises for Social Security and Medicare add $88.4 trillion more over 75 years.
- Congress needs a fiscal commission and constitutional amendment to fix the crisis.
The article reveals the U.S. government's dire financial state from its own FY 2025 Treasury statements, showing massive liabilities far outpacing assets. It warns of a looming fiscal catastrophe ignored by media and politicians. This matters because unchecked spending could lead to economic collapse without urgent reforms.