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The Treasury just declared the U.S. insolvent
- logicprog 6mo agohttps://web.archive.org/web/20260323190551/https://fortune.com/2026/03/23/us-government-insolvent-fiscal-crisis-fix/ https://web.archive.org/web/20260323190551/https://fortune.c...
- TacticalCoder 6mo ago[flagged]
- deleted 6mo ago[deleted]
- JoeAltmaier 6mo agoWell, it went galloping onward during that tenure. If not the administration's responsibility, then who's?
- jjtheblunt 6mo agoeveryone's since Andrew Jackson in 1836, the last time the national debt was paid off ? https://en.wikipedia.org/wiki/National_debt_of_the_United_States#History https://en.wikipedia.org/wiki/National_debt_of_the_United_St...
- moi2388 6mo agoLiteral decades of mismanagement.
- exabrial 6mo agomostly Obama, Trump version 1, Biden, and Trump v2.
- croes 6mo agoBefore Trump there was the belief in reasonable measures. Now it’s only chaos and uncertainty. Markets hate uncertainty.
- cat-turner 6mo agoDon't worry guys, we'll still set aside money to fund wars in deserts far away.
- deleted 6mo ago[deleted]
- johnea 6mo agoExactly! and no small amount of money is being set aside either: https://en.wikipedia.org/wiki/Military_budget_of_the_United_States https://en.wikipedia.org/wiki/Military_budget_of_the_United_... And as you would expect in a Fortune Mag article, the "solution" of this budget shortafall is to fuck the people more. Reigning in the totally out of control budget for incinerating people should have come long ago, but is unspeakable for major shareholders of the people incineration industry. Or using the thing that no right-wing talking head is ever going to acknowledge in resolving budget shortfalls, increasing income (i.e. taxes) This is especially true given the modern massive wealth gap, in which the highest earners pay a fraction of the percentage paid by working people.
- SkyPuncher 6mo ago"....that could change everything" Is this an AI generated article? Sure reads like it.
- andriy_koval 6mo agothere are many numbers in that article, but they didn't tell US became insolvent this year, or was insolvent last year too by their criteria. What about the last decade?
- mothballed 6mo agoThe US can't go insolvent. The fed can could buy the entire debt out tomorrow out of newly created money. Sovereign debt in a country with such central bank is little more than future tax or inflation, but solvency is guaranteed.
- croes 6mo agoBut bonds and the Dollar could become nearly worthless
- gmuslera 6mo agoIt didn’t, the last 2-3 times that trillions were printed to sort that moment emergency (thinking in 2008 and 2020, but could be more) and there wasn’t a sudden drop of value then.
- andriy_koval 6mo agostocks and real estate prices indicate that dollar lost lots of value during this period.
- AnimalMuppet 6mo agoIn 2008, $4 trillion was printed. But in the financial crisis, $4 trillion evaporated. The net result was zero inflation for the next 12 years. Then 2020 happened, and they printed too much, and we've had inflation since then.
- croes 6mo ago2008 and 2020 were global and other countries did the same and it was seen as reasonable. Now with the current administration it would be different.
- metalman 6mo agoAll money is a human construct, exactly like the easter bunny, there is a whole set of arbitrary "rules" and conditions required to get chocolate, basicly everywhere, but in the one situation you have to be small and credulous, or put on agood act(usefull later in life) to get chocolate, and in the other the construct has become non optional and will be enforced on you as soon as you are no longer a credulous believer in the easter bunny, and this is what you are refering to, the non optional partisipation in an arbitrary human construct. The latest twist bieng the introduction of the idea that whoever has the most, very large complicated numbers, wins, also known as crypto.
- huijzer 6mo agoNot a nice timing by the treasury to post this at the same time that many companies fire employees, war is going on, and fuel is running out. Everything is piling up it seems
- peteforde 6mo agoThe good news is that a currency issuer cannot become insolvent. This is literally just semantic libertarian scare propaganda. I strongly urge you to watch Stephanie Kelton's interview on The Daily Show a few years back to calm your mind a bit. https://www.youtube.com/watch?v=1JpZZcD8C4M https://www.youtube.com/watch?v=1JpZZcD8C4M Meanwhile, let's step back a bit... if we pretend that the US is insolvent - a repo man is going to come take it away with a big truck - do you really think that the US treasury is structured in a way that allows them to hold back something that significant because the national mood is anxious and they don't want to make people feel extra sad on a Monday? Seriously: wth.
- mullingitover 6mo agoHere's your reminder that this is of course a bunch of alarmist nonsense, because as an issuer of currency the United States is incapable of becoming "insolvent." The authors are from an libertarian extremist think tank that pushes for a balanced budget amendment. If these people got their way, we would immediately solve the problem of people arguing about this on the internet since none of us would be able to afford to own a computer.
- peteforde 6mo agoMoreover, the great con was to convince people that the US debt is a liability, as though there's someone who is going to come and repo man your country with a truck. At the macro level, debt is one of the most powerful tools that a government is entrusted to deploy. It's literally how you grow an economy.
- scrubs 6mo agoOh c'mon! We know that. Good Lord, if a country's debts were held elsewhere, it'd be the Trump administration trying to repo someone first for Nato money or other some fool reason. Meanwhile,there are in fact actual, bonafide, tangible problems to financial stupidity you're quip forgot to address.
- deleted 6mo ago[deleted]
- CrzyLngPwd 6mo agoTrump isn't over yet; there is more to come...or go, depending on your perspective, I suppose.
- mellosouls 6mo agoNB. This article could have been written under any recent administration (and no doubt was published in different forms). I don't mean it's politically motivated or that the current admin shouldn't be criticized; the authors have legitimate economic views and concerns that follow - but the title is clickbait and shouldn't be used to infer something new is happening.
- cyberge99 6mo agoExactly. It’s commentary, not even an article. The big number is GDP and the is and will continue to be the most significant by a large margin.
- superbowl 6mo ago[dead]
- alecco 6mo ago> These two bills represent the most credible path forward — if Congress has the will to act. I’m not American, and yet I can tell this is extremely unlikely to happen. I’ve lost track of all the Cassandras raising the alarm who were shot down or even laughed at. But there is still a bit more road left for the can to be kicked one more time.
- scotty79 6mo ago"There's infinite amount of money in the federal reserve."
- jmclnx 6mo agoThe bill that is missing, tax the very rich as the US did in 1960
- neilcj 6mo agoShocking display of economic illiteracy or warmed up Goldwater propaganda?
- deleted 6mo ago[deleted]
- tim333 6mo ago>The U.S. government is insolvent. That’s not hyperbole... It's actually a lie and clickbait.
- peq42 6mo agohilarious that this got flagged. You americans are massive cry babies