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USG failed it's audit as usual 🔗
1486670124  

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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).
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