As of September 30, 2016, America’s youth owed the federal government $953.6 billion from student loans.
Talk about some contra-assets man...Oh wait, this is gov accounting where we live in big rock candy mountain and we book stuff when we feel like it.
And yet still take a
$1tn operating loss bringing us to a -$19tn net worth. If that isn't insolvent, I don't know what is. Nevermind the unfunded liabilities they decide to dance around as the 'fiscal gap'.
BONUS: T-bills
getting dumped. EU/US buys them (schmucks).