- United States
- Va.
- Letter
Dear Members of Congress,
This week, the Treasury Department quietly released its financial statements for fiscal year 2025. The conclusion, drawn from your own government’s numbers, is this: the United States is insolvent. $6.06 trillion in assets. $47.78 trillion in liabilities. A net position of negative $41.72 trillion — and that doesn’t even count the $88.4 trillion in unfunded Social Security and Medicare obligations. Total federal obligations now exceed $136 trillion. Five times our entire annual GDP. The media barely noticed. You said nothing.
And yet here is what you ARE spending money on:
$1–2 billion per day on a war in Iran that the President cannot keep his own story straight about — declaring victory one day, deploying Marines the next. A war funded partly by lifting sanctions that send $140 million a day to Russia, while Russia helps Iran kill American troops.
A Pentagon budget request of at least $200 billion more from Congress — on top of the largest military budget on earth.
An ICE apparatus that is terrorizing communities, separating families, and now being proposed to replace TSA agents at airports.
Meanwhile:
47.9 million Americans — including 14.1 million children — live in food-insecure households. Over 50 million turned to food banks last year. 1 in 5 children does not know where their next meal is coming from. And you just passed the deepest cuts to SNAP in the program’s history.
The richest country in the history of the world cannot find money to feed its children — but it can find $1-2 billion a day to bomb another country while the president jokes about Pearl Harbor.
This is not governance. It is moral bankruptcy to go alongside the financial kind.
We are done waiting for you to find your conscience. We are watching. We are organized. And November is coming.
Respectfully — and with fury,