Jason Harvestdancer
Contributor
Being broke means debt exceeds assets. Do you have any data showing debt exceeds assets?
The US Government doesn't use GAAP for its accounting, making it more complicated to answer your question, but yes. If GAAP were applied, the numbers would likely be even worse. Whereas 2024 isn't over yet, the most recent data is 2023 and 2022. Here's the final data on 2023, all numbers in billions.
Financial Report of the United States Government
Total Assets $5,419.1
Total Liabilities $(42,898.3)
Net Position $(37,479.2)
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