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.

https://www.yahoo.com/news/finance/economy/policy/articles/treasury-just-declared-u-insolvent-151425143.html

 

REMINDER that the USA passed into law (a couple of years ago) that they no longer have to follow normal GAAP accounting rules and are allowed to keep two sets of books for every area. Therefore the above may or may not be accurate depending on what the government is trying to pretend about their fiscal situation. It may be much worse (better also possible)…….