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Did Treasury Just Reveal a Serious Problem in US Finances
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Subscribe24 MAR 2026 / ECONOMY
The U.S. federal government has added $1 trillion to its debt in the first five months of fiscal year 2026, a situation that suggests a shift from temporary to structural borrowing. Concerns are rising around the growing obligations, with outstanding debt of $39 trillion and up to $100 trillion when considering future Social Security and Medicare payments, against assets of $6.06 trillion—leading some economists to label the U.S. "insolvent" in an accounting sense.
Every accountant has seen this play out. A client says, “We’re fine, just a temporary gap,” and then you realize the gap shows up every single month. At some point, it stops being temporary. It becomes the business model. That’s where the U.S. fiscal stor...
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