Before Donald Trump was president Trump’s business record included multiple high-profile bankruptcies tied to casinos and real estate. Those deals involved heavy borrowing and restructuring when things went wrong, so now critics are looking at the country’s financial position and asking if the pattern feels familiar. A new report by Fortune is getting attention because it breaks the U.S. balance sheet down in simple terms, that simple says that the U.S. is broke. But are you surprised?
According to Forbes, the U.S. government is insolvent (Insolvent: describes a person or organization unable to pay their debts as they fall due or having liabilities that exceed their total assets) 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.
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