US Government is Insolvent

Monday, March 23, 2026

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...

Posted by Jpw at 03:55 PM | 33 COMMENTS | permalink | Comment on This Entry |

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NEW: "The Treasury just declared the U.S. insolvent. The media missed it." fortune.com/2026/03/23/u...[image or embed]
" Mueller, She Wrote (@muellershewrote.com) Mar 23, 2026 at 3:12 PM

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Thanks magat scum

#1 | Posted by truthhurts at 2026-03-23 03:59 PM | Reply

Trump's friends were not impressed when he bankrupt a beautiful large casino. So now he has bankrupt the USA in just one year. If his friends still are not impressed ...

Today it is official. The Chinese Century has begun.

#2 | Posted by moder8 at 2026-03-23 04:04 PM | Reply

Great job Dummkopf Trumpf and Bibi!

We're so glad here in America that Israelis enjoy world class universal healthcare while we in the US suffer with the Big Beautiful Bill, medical bankruptcies, and an insolvent government.

Is there any other Muslim country we can attack for you while our economy crashes, Bibi?

#3 | Posted by C0RI0LANUS at 2026-03-23 04:05 PM | Reply

America isn't this way because Trump is president, Trump is president because that's how America is.

#4 | Posted by lee_the_agent at 2026-03-23 04:19 PM | Reply

Yeah, Trump sucks dirty balls.

But he's just the dirty-balls icing on the ---- cake.

#5 | Posted by horstngraben at 2026-03-23 04:24 PM | Reply

More tax cuts for billionaires should fix it.

------- morons.

#6 | Posted by SpeakSoftly at 2026-03-23 04:28 PM | Reply

It's a repeated cycle, which has been going on for a good part of my lifetime, but really, the worst parts started with Saint Ronnie.

Republicans cut taxes on the wealthy, sever all social safety nets, get us into a war and run up the debt.
Democrats come in and re-institute some parts of the social safety net, with concessions to the rabid wackadoodles known as "conservatives," cut the deficit and make progress on the debt, and do what they can to get us out of wars. Then the Republicans blame them for the staggering deficits and debt that they weren't completely able to eliminate, and win all houses of Congress and the White House ... lather, rinse repeat.

Our country won't be able to survive Republicans, so hopefully, we're seeing the elimination of their influence in Congress this year ... hopefully, we won't get a bunch of conservadems to gum up the works, but even that's a better option than these Republican clowns working for Putin.

#7 | Posted by chuffy at 2026-03-23 04:32 PM | Reply | Newsworthy 2

All I know is that every time a republican is president my retirement savings take a massive hit

#8 | Posted by truthhurts at 2026-03-23 04:36 PM | Reply

This is the GOP's wet dream.

They're finally going to drown the baby in the bath tub because you know there's only one way they'll "fix" this- cuts cuts cuts.

Not just partial cuts, but complete cuts. VA? Gone. SSA? Gone. Medicare/medicaid? Gone.

The only things going untouched are DoD and DHS because damnit they need to control a revolting populace somehow.

So glad I might be getting out of this dump.

#9 | Posted by jpw at 2026-03-23 04:37 PM | Reply

-Not just partial cuts, but complete cuts. VA? Gone. SSA? Gone. Medicare/medicaid? Gone.

When?

Cause....there are quite a few people who are dead without those programs.

And I know I'm not gonna pay more(well...any really) taxes if they're gonna cut those programs.

#10 | Posted by eberly at 2026-03-23 04:42 PM | Reply | Funny: 1

I would think the first step would be to stop paying any interest on the debt

#11 | Posted by eberly at 2026-03-23 04:44 PM | Reply | Newsworthy 1

More tax cuts for billionaires should fix it.
------- morons.
#6 | POSTED BY SPEAKSOFTLY

You're clueless. The US government, regardless of the revenue, will spend beyond revenue.

Taxation isn't the problem. As I have been saying for sometime, spending is the issue.

You don't even know where its going...

Example: Stacey Abrams NGO was created 30 days before it received $2 billion dollars.

#12 | Posted by oneironaut at 2026-03-23 04:54 PM | Reply

I agree with Eberly:
stop interest payment on the debt, even if it hurts the credit rating of the USA.
Secondly, adopt the finance reforms mentioned in the article.

Next, we must pass a bill to end campaign finance by PACs. Outlaw them. Contrary to what Romney famously said, corporations are not people.

Finally, we must admit the defense spending party is over. The current war is going to bankrupt us and we have to stop pretending to be the world's policeman when it is obvious we are the world's largest de-stabilizing agent. Major cuts in defense are needed.

#13 | Posted by e1g1 at 2026-03-23 04:55 PM | Reply

I looked up the definition of insolvent and it's different for a public entity.

but I don't think the US Government is actually insolvent.

I would think the world would be behaving differently at the moment the US Government is declared insolvent.

#14 | Posted by eberly at 2026-03-23 04:57 PM | Reply

You don't even know where its going...

Example: Stacey Abrams NGO was created 30 days before it received $2 billion dollars.

#12 | Posted by oneironaut at 2026-03-23 04:54 PM | Reply | Flag:

I found some of it...

www.offthepress.com

#15 | Posted by lfthndthrds at 2026-03-23 04:58 PM | Reply | Funny: 1

Example: Argentina got $40 Billion to bail out it's failed economy.

#16 | Posted by REDIAL at 2026-03-23 04:58 PM | Reply | Newsworthy 1

Our country won't be able to survive Republicans

State, Local, Federal government spending just keep eating up more and more of the GDP. Remember GDP has government spending included, ergo the private economy keeps shrinking ...

Blaming one party is how the US got to this party.

#17 | Posted by oneironaut at 2026-03-23 04:59 PM | Reply

You don't think the US defaulting and tanking its credit rating would be disastrous?

Bond market collapses. Dollar value tanks. Stock market spirals.

And then all those other things happen anyway.

#18 | Posted by jpw at 2026-03-23 05:01 PM | Reply

The ~~US government~~ Republican Party, regardless of the revenue, will spend beyond revenue.

Trump and his administration have increased the deficit by 25%

Clinton handed BushJr a surplus Budget.

Obama reduced the deficit.

You're gaslighting because you're an idiot.

Taxation isn't the problem.

Boolsheet.

The nonstop tax cuts for the wealthiest Americans handed out by republicans, coupled with our 26 years of war in Western Asia are the problem.

Then there's Trump who is draining our taxes for his own benefit.

#19 | Posted by ClownShack at 2026-03-23 05:03 PM | Reply | Newsworthy 1

This was a long time coming.

Thank Ronny Regan for the "trickle down theory".

China will be the new world leader.

#20 | Posted by bat4255 at 2026-03-23 05:04 PM | Reply | Newsworthy 1

-You don't think the US defaulting and tanking its credit rating would be disastrous?

Yes it would be.

Do you think that's actually happened?

You found an article that declared the US government to be insolvent.

Do you believe it?

#21 | Posted by eberly at 2026-03-23 05:05 PM | Reply

Blaming one party is how the US got to this party.
#17 | POSTED BY ONETRUMPER

You're a Chinese immigrant, don't makes sense you're not aware of American history.

You're a useful idiot for Trump.

I'm surprised you don't choke on all the gas you're spreading.

#22 | Posted by ClownShack at 2026-03-23 05:07 PM | Reply

Example: Argentina got $40 Billion to bail out it's failed economy.
#16 | POSTED BY REDIAL

Of course DialAgain needs to deflect. Because he doesn't understand what he's talking about.

See this is the financial illiteracy of Lumpers.Trump had a $20 billion currency exchange which hasn't lost ANY value ergo its not spent money; The other $20 billion was in private bank loans.

#23 | Posted by oneironaut at 2026-03-23 05:08 PM | Reply

You're a Chinese immigrant, don't makes sense you're not aware of American history.

You offer no proof of your assertion.

I offer the perspective of the greatest historian, documentor and philosopher in American history. Do you know who that was?

#24 | Posted by oneironaut at 2026-03-23 05:10 PM | Reply

#25 | Posted by C0RI0LANUS at 2026-03-23 05:12 PM | Reply

I offer the perspective of the greatest historian, documentor and philosopher in American history. Do you know who that was?
#24 | POSTED BY ONEIRONAUT

Kurt Vonnegut?

#26 | Posted by Doc_Sarvis at 2026-03-23 05:16 PM | Reply | Funny: 1 | Newsworthy 2

Alexander Fraser Tytler

He identified "Eight Stages of a Democracy", from beginning to end.
1. ------- to spiritual faith.
2. Spiritual faith to great courage.
3. Courage to liberty.
4. Liberty to abundance.
5. Abundance to complacency.
6. Complacency to apathy.
7. Apathy to dependence.
8. Dependence back to -------.

"A democracy can only exist until the voters discover that they can vote themselves largesse from the public treasury. From that moment on, the majority always votes for the candidates promising the most benefits from the public treasury with the result that democracy always collapses over loose fiscal policy, always followed by a dictatorship".

Guess which stage America is?

#27 | Posted by oneironaut at 2026-03-23 05:17 PM | Reply

Kurt Vonnegut?
#26 | POSTED BY DOC_SARVIS

Interesting choice, he died of TBI right?

#28 | Posted by oneironaut at 2026-03-23 05:19 PM | Reply

I am reading Kurt Vonnegut's brilliant Welcome to the Monkey House this week.

Acerbic, witty, entertaining, crisp-- as expected.

#29 | Posted by C0RI0LANUS at 2026-03-23 05:24 PM | Reply

This downgrade already happened under Dummkopf Trumpf's watch.

Austerity measures coming.

#30 | Posted by C0RI0LANUS at 2026-03-23 05:27 PM | Reply

Republicans break into your house, shoot your dog, loot your silverware drawer, crack your safe, raid your refrigerator and eat your last ham sandwich.

Democrats break into your house, shoot your dog, loot your silverware drawer, crack your safe, raid your refrigerator and leave you a ham sandwich.

#31 | Posted by lee_the_agent at 2026-03-23 05:30 PM | Reply | Funny: 1

Blaming one party is how the US got to this party.

#17 | Posted by oneironaut

Pretending its everyone's fault when one side is vastly worse is how the US got to this point.

Reaganomics - REPUBLICANS FAULT

Iraq War - REPUBLICANS FAULT

More tax cuts for the rich - REPUBLICANS FAULT

Iran War - REPUBLICANS FAULT

Even more tax cuts for the rich - REPUBLICANS FAULT

#32 | Posted by SpeakSoftly at 2026-03-23 06:04 PM | Reply

Guess which stage America is?

#27 | Posted by oneironaut

You went off the rails at #6 - which should read - ABUNDANCE TO BOTTOMLESS GREED FOR THE SUPER RICH

#7 Super rich take everything
#8 Super rich brainwash morons to blame minorities
#9 Morons support fascism

#33 | Posted by SpeakSoftly at 2026-03-23 06:06 PM | Reply