#insolvent — Public Fediverse posts

#TreasuryDepartment #insolvent

The Treasury just declared the U.S. insolvent. The media missed it

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).

The off-balance-sheet picture is even more alarming. The 75-year unfunded social insurance obligation surged by $10.1 trillion in a single year, rising from $78.3 trillion in FY 2024 to $88.4 trillion in FY 2025 — driven primarily by a $6.9 trillion jump in projected Medicare Part B shortfalls and a $2.5 trillion increase for Social Security. The Treasury’s Statement of Long-Term Fiscal Projections shows the 75-year fiscal gap widening from 4.3% of GDP in FY 2024 to 4.7% in FY 2025.

If the $88.4 trillion in 75-year off-balance-sheet obligations were added to the $47.8 trillion in official balance sheet liabilities, total federal obligations would now exceed $136.2 trillion — roughly five times U.S. annual GDP.

The Government Accountability Office (GAO) issued a disclaimer of opinion on the U.S. government’s FY 2025 financial statements — the 29th consecutive year it has been unable to determine whether the statements are fairly presented. This is primarily due to serious, ongoing financial management problems at the Department of Defense and weaknesses in accounting for interagency transactions.

Not only has the financial press ignored the consolidated financial statements, but most members of Congress and members of the general public will not read the consolidated financial statements. Documents like the consolidated financial statements are not the kind of thing you want to read before driving. If that’s not bad enough, most people cannot relate to the trillion-dollar numbers in the financial statements. Therefore, it is appropriate to translate them into terms that people will understand.

Most people cannot relate to trillion-dollar figures on a government ledger. So consider this: divide every number by 100 million — drop eight zeros — and federal finances look like a household budget in freefall.

That household earns $52,446 and spends $73,378 — running a $20,932 annual deficit. Its total liabilities and unfunded promises amount to $1,361,788 against just $60,554 in assets, leaving it $1.3 million in the hole. Uncle Sam, by any accounting standard, is insolvent."

https://fortune.com/2026/03/23/us-government-insolvent-fiscal-crisis-fix/

This Fortune article places he numbers of the Treasure into perspective:

'The federal finances look like a household budget in freefall.

That household earns $52,446 and spends $73,378 — running a $20,932 annual deficit.

Its total liabilities and unfunded promises amount to $1,361,788 against just $60,554 in assets, leaving it $1.3 million in the hole.

Uncle Sam, by any accounting standard, is insolvent.'

(but let's spend a billion a day on Iran)

#USA #Insolvent #Broke
@blogdiva

IWH-Insolvenztrend: Zahl der #Insolvenzen wieder gestiegen. 1.519 Personen- und Kapitalgesellschaften wurden im Dezember in Deutschland #insolvent gemeldet. Im Gesamtjahr 2025 erreichte die Zahl der #Firmenpleiten den höchsten Stand seit 20 Jahren.
https://nachrichten.idw-online.de/2026/01/08/iwh-insolvenztrend-firmenpleiten-2025-auf-hoechstem-stand-seit-zwei-jahrzehnten

IWH-Insolvenztrend: Zahl der #Firmenpleiten deutlich gesunken. 1.293 Personen- und Kapitalgesellschaften wurden im November in Deutschland #insolvent gemeldet – 17% weniger als im Oktober. Eine Trendwende bei #Insolvenzen ist das aber noch nicht.
https://nachrichten.idw-online.de/2025/12/09/iwh-insolvenztrend-erster-rueckgang-der-insolvenzzahlen-seit-jahren-aber-keine-trendwende

IWH-Insolvenztrend: Zahl der #Insolvenzen wieder gestiegen. 1.553 Personen- und Kapitalgesellschaften wurden im Oktober in Deutschland #insolvent gemeldet – 5% mehr als im September. Für das Jahresende ist ein Rückgang bei #Firmenpleiten zu erwarten.
https://nachrichten.idw-online.de/2025/11/11/iwh-insolvenztrend-zahl-der-firmenpleiten-im-oktober-wieder-gestiegen

Beantragt wurde ein Insolvenzverfahren in Eigenverwaltung. Das Handelsunternehmen betonte, dass vor allem die Mieten an den drei Standorten das Geschäft belasten würden.

Die KaDeWe-Gruppe ist eine Tochterfirma der Signa-Holding des Investors René Benko. Die meldete bereits im November Insolvenz an. Seitdem sind immer mehr Tochterunternehmen zahlungsunfähig.

📝 https://www.ndr.de/nachrichten/hamburg/KaDeWe-Gruppe-mit-Hamburger-Alsterhaus-ist-insolvent,alsterhaus194.html?at_medium=mastodon&at_campaign=NDR.de

#NDRHH #KADEWE #Alsterhaus #Insolvent

"KaDeWe-Gruppe mit Lamarr insolvent"
https://wien.orf.at/stories/3242622/

Ich bin total überrascht. :masto_lol:

Ein anderer Name wäre gut. Was kann die Frau Lamarr dafür.

#wien #signa #benko #kurz #kaufhaus #kadewe #mariahilferstrasse #insolvenz #insolvent

"Tory-run Hampshire council says it faces ‘financial meltdown’" ..."could face insolvency by 2026."

https://www.theguardian.com/uk-news/2023/oct/04/tory-run-hampshire-council-says-it-faces-financial-meltdown

I thought the Conservatives liked to say they were better at finances than other parties, but a lot of the councils in the South East of England who are already or could be insolvent seem to have been run by members of the Party at the time they made poor decisions.

#Hampshire #Hants #England #UK #insolvent #insolvency #Tory #Tories #Conservatives #Conservative #politics

Eben auf DMax: 57% aller britischen Firmen haben Schulden, 96% aller Firmen-Neugründungen in #Großbritannien überleben nicht die ersten 10 Jahre. Sind die Daten real? #Insolvenz #Insolvent #Startup #Startups #Business #Brexit #Zahlungsunfähig #Schulden #Kredit #Finanzen #Solvent

#Organic #ZeroWaste #supermarkets are rapidly disappearing in #Munich: Yesterday was the last day of pioneering, but now #insolvent #Ohne-Laden. To my knowledge there are only two #packagefree #groceries left in town, plus a handful in the greater Munich region, inside the S-Bahn urban train network: https://www.organictraveller.de/organictraveller-munich-zero-waste

#münchen #wastefree #unverpackt #muenchen #shoppingguide

Crypto Twitter calls for calm after wETH insolvency joke goes viral - Ethereum bull Anthony Sassano and Gnosis co-founder Martin Köppel... - https://cointelegraph.com/news/crypto-twitter-calls-for-calm-after-weth-insolvency-joke-goes-viral #martinköppelmann #wrapped-bitcoin #anthonysassano #wrapped-ether #smartcontract #markusthielen #wrappedcoin #insidejoke #insolvent #bankrupt #rumors #depeg #memes #jokes #ftx