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).

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

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Tired of all the winning yet?

Did the orange bad man spend 47 trillion ALL by himself?

1 minute ago, MadAtMatrix said:

Did the orange bad man spend 47 trillion ALL by himself?

27% was added on his watch - so far. Hold on to your butts, it's only gonna get worst.

21 minutes ago, MadAtMatrix said:

Did the orange bad man spend 47 trillion ALL by himself?

This is for Trump I only . Trump II not included in this and it's much worse.

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AI Overview

During Donald Trump's presidency, the national debt increased by approximately

$7.8 trillion to $8.4 trillion [1, 3].

• Total Debt Increase: According to Treasury Department data, the gross federal debt rose by roughly $7.8 trillion during his term [3].

• Alternative Calculation: The Committee for a Responsible Federal Budget (CRFB) estimated that actions taken during the Trump administration added $8.4 trillion to the national debt [1].

• Breakdown of Debt: This increase was driven by $3.6 trillion in COVID-19 relief measures, $4.8 trillion from tax and spending laws, and $10 billion from executive actions [1].

• Context: While Barack Obama oversaw a larger total increase ($9.5 trillion over eight years), Trump’s debt accumulation of roughly $2 trillion per year was the highest on an annual basis [3].

The debt rise during this period was significantly impacted by both the 2017 tax cuts and the necessary fiscal response to the COVID-19 pandemic [1, 3].