The Treasury just declared the U.S. insolvent

logicprog

https://web.archive.org/web/20260323190551/https://fortune.c...

cat-turner

Don't worry guys, we'll still set aside money to fund wars in deserts far away.

SkyPuncher

"....that could change everything" Is this an AI generated article? Sure reads like it.

andriy_koval

there 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

The 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.

huijzer

Not 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

mullingitover

Here'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.

CrzyLngPwd

Trump isn't over yet; there is more to come...or go, depending on your perspective, I suppose.

mellosouls

NB. 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.

alecco

> 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

"There's infinite amount of money in the federal reserve."

jmclnx

The bill that is missing, tax the very rich as the US did in 1960

neilcj

Shocking display of economic illiteracy or warmed up Goldwater propaganda?