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].

This is all well known. But the proportions have not yet "sunk in". Domestic as well as international investors are still buying eagerly US treasuries.

But once it is realised that a major part of the economic wellbeing/growth of the US is owed to an exponetial growth in form of dept over decades, a re-adjustement/correction of epic proportion will have to follow. Never mind "productivity gains".

As said, it has not "sunk-in" in the domestic/international "investment community" yet.

Many ways empires can fall. Financial "overextension" is one of them.

"A hard rain is going to fall". Sung by Robert Zimmerman, also known as Bob Dylan later on.

11 hours ago, gargamon said:

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?

Just for the h*ll of it: How much would that be for every US citizen in Dollars and Cents?

At any rate: Could it be that something is fundamentally wrong with the "American Draem"?

8 minutes ago, swissie said:

Just for the h*ll of it: How much would that be for every US citizen in Dollars and Cents?

At any rate: Could it be that something is fundamentally wrong with the "American Draem"?

The happiest nation in the world is Norway or at least one of those countries there. A much better model to follow. The US is built on greed.

5 minutes ago, gargamon said:

The US is built on greed.

Conclusion: Greed leads to insolvency.

8 minutes ago, gargamon said:

The happiest nation in the world is Norway or at least one of those countries there. A much better model to follow. The US is built on greed.

There is more to it: Make the 10% of the richest people richer, it will eventually "trickle down" to "the masses". It has not worked. Not for the last 40 years.

8 minutes ago, mfd101 said:

Conclusion: Greed leads to insolvency.

Bloated social programs lead to insolvency.

11 hours ago, MadAtMatrix said:

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

No, but this was his campaign promise.

https://www.politifact.com/truth-o-meter/promises/trumpometer/promise/1418/eliminate-federal-debt-8-years/

Does it really matter ?

Mouse click money is easy.

4 minutes ago, TedG said:

Bloated social programs lead to insolvency.

Or the richest of the rich have their tax domicile in some exotic carribean islands. No taxes.

But dropping a 100$ bill at the church on sunday morning, fullfilling their "trickle down effect".

Just now, swissie said:

Or the richest of the rich have their tax domicile in some exotic carribean islands. No taxes.

But dropping a 100$ bill at the church on sunday morning, fullfilling their "trickle down effect".

You lack big-picture thinking. For instance. Social Security and Medicare cost 2.84 trillion in FY2025. This is funded by 184 million taxpayers. Which means that every taxpayer needs to pay $15,434/year to fund these two programs. The federal budget in FY 2025 was about 7 trillion. Which is $38,043 per taxpayer.

The issue is an aging population with a ratio of 2.7 people funding one retired person.

4 minutes ago, TedG said:

You lack big-picture thinking. For instance. Social Security and Medicare cost 2.84 trillion in FY2025. This is funded by 184 million taxpayers. Which means that every taxpayer needs to pay $15,434/year to fund these two programs. The federal budget in FY 2025 was about 7 trillion. Which is $38,043 per taxpayer.

The issue is an aging population with a ratio of 2.7 people funding one retired person.

I am not sure if some taxpayers in the US, having to work 2 to 3 jobs just to stay alive, can afford to fork over 15 K per year to keep "a system" alive. Of a system that will "evaporate" before they reach retirement age.

Mathematics are brutal. Bob Dylans song "A hard rain is going to fall" will haunt the next generation.

Nothing new as America has been living on credit for the past 50 years. The only thing that saves the USA is their immense gold reserves that partially are due to the very large amounts of gold seized by America at the end of WW2. Seizure that was claimed as "compensation" for their involvement and sacrifices in WW2. But now that the Saudis have discarded the dollar as the universal payment of oil and realising that America in fact does not have the means to secure the oil production facilities in the Gulf, Russians and Chinese and who knows one day maybe the Indians, will take over. Guess every bully nation has it's day ?

3 minutes ago, Sigmund said:

But now that the Saudis have discarded the dollar as the universal payment of oil

Do you have a link for that>?

Anyway, Trump campaigned that he would do an audit of Fort Knox, how is that going?

I have such a feeling that there is much less gold in the vaults than there is on the balance sheets. It's not for nothing that countries who wanted to withdraw their gold have been rejected.

1 minute ago, CallumWK said:

Do you have a link for that>?

Anyway, Trump campaigned that he would do an audit of Fort Knox, how is that going?

I have such a feeling that there is much less gold in the vaults than there is on the balance sheets. It's not for nothing that countries who wanted to withdraw their gold have been rejected.

No need for a link, as you are challenging, free to you to find your truth on google, Sir. But as I am in a good mood, here is something to get you started and to direct your search...if i may post it..

https://www.atlanticcouncil.org/blogs/econographics/is-the-end-of-the-petrodollar-near/

1 hour ago, Sigmund said:

No need for a link, as you are challenging, free to you to find your truth on google, Sir. But as I am in a good mood, here is something to get you started and to direct your search...if i may post it..

https://www.atlanticcouncil.org/blogs/econographics/is-the-end-of-the-petrodollar-near/

The burden to provide a credible link to claims made is on the claimant. Maybe you could start reading the form rules.

But OK I got it.

Editors’ note: This article has been revised to reflect the fact that Saudi Arabia made no announcement on June 13 related to oil traded in US dollars.

You have more credible links like that?