WE’VE BEEN INSOLVENT FOR YEARS, SO NO BIG SURPRISE: The Treasury just declared the U.S. insolvent. The media missed it. “The Government Accountability Office (GAO) issued a disclaimer of opinion on the U.S. government’s FY 2025 financial statements — the 29th consecutive year it has been unable to determine whether the statements are fairly presented.”

But this is an opportunity for Trump to slash programs because of a “financial crisis.” Since, you know, there actually is a financial crisis.