Insolvent
On the document no one read, the number no one said, and what it means to govern a bankrupted republic living off of intergenerational tyranny.
There is a particular kind of silence that descends not from ignorance but from something closer to collective flinch; a studied looking-away from a thing too large and too uncomfortable to hold. We experienced that silence last week, when the Treasury Department released its consolidated financial statements for fiscal year 2025 and the American media, with near-total unanimity, declined to notice.
