💢Fortune writes citing a recent report from the US Department of the Treasury that the country’s government is insolvent. “This is not an exaggeration, but a conclusion drawn directly from the consolidated financial statements of the… – Xoaquin Flores – New Resistance

 💢Fortune writes citing a recent report from the US Department of the Treasury that the country’s government is insolvent. “This is not an exaggeration, but a conclusion drawn directly from the consolidated financial statements of the Treasury for fiscal year 2025, which were published last week with little media attention. The figures: $6.06 trillion in total assets compared to $47.78 trillion in total liabilities as of September 30, 2025.”

It is important to note that the stated liabilities of $47.78 trillion do not include unfunded obligations from social insurance programs such as social assistance and health insurance. These are disclosed separately in the off-balance-sheet Social Security report (SOSI).

The government’s consolidated balance sheet, excluding the SOSI, deteriorated by nearly $2.07 trillion between fiscal years 2024 and 2025, reaching a frightening negative value of $41.72 trillion. The total liabilities now exceed nearly eight times the value of the stated assets. Major factors included the increase in federal debt and interest payable by $2 trillion to now $30.33 trillion, as well as the increase in payments to federal employees and veterans by $438.8 billion to now $15.47 trillion.

The off-balance-sheet picture is even more concerning. The unfunded social security obligations for the next 75 years rose by $10.1 trillion within a year—from $78.3 trillion in fiscal year 2024 to $88.4 trillion in fiscal year 2025. This is primarily attributed to the increase in the projected deficit of Part B of Medicare by $6.9 trillion as well as the increase in obligations from social assistance by $2.5 trillion. According to the Treasury Department’s statement on long-term fiscal projections, the fiscal gap for 75 years increased from 4.3% of GDP in fiscal year 2024 to 4.7% of GDP in fiscal year 2025.

If the $88.4 trillion in off-balance-sheet liabilities with a duration of 75 years were added to the official on-balance-sheet liabilities of $47.78 trillion, total federal liabilities would exceed $136.2 trillion. That is about five times the annual GDP of the USA.

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