At some point, the US has to look at its finances. For now, he is taking care of a four-decade-long problem of a terrorist regime.
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The U.S. government is drained of funds. The number from consolidated financial statements of the Treasury: $6.06 trillion in total assets against $47.78 trillion in total liabilities as of September 30, 2025.
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).
Oil Shortages Begin
Asia became rich on energy, and without it, it all goes away.
Oil shortages begin in Europe and Asia.
A dozen countries have already imposed gas rationing, price caps, idled factories, and closing universities to avoid riots.
Another couple months and Asia could face tens of millions of layoffs. pic.twitter.com/0PKaly5eo5
— Peter St Onge, Ph.D. (@profstonge) March 23, 2026
