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Apple now has more cash than the U.S. government

POSTED BY: NIKI2
UPDATED: Friday, July 29, 2011 11:23
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Friday, July 29, 2011 7:46 AM

NIKI2

Gettin' old, but still a hippie at heart...


Maybe we should ask HIM for a loan?
Quote:

Maybe the cash-strapped U.S. government should start selling iPads.

According to the latest statement from the U.S. Treasury, the government had an operating cash balance Wednesday of $73.8 billion. That's still a lot of money, but it's less than what Steve Jobs has lying around.

Tech juggernaut Apple had a whopping $76.2 billion in cash and marketable securities at the end of June, according to its last earnings report. Unlike the U.S. government, which is scrambling to avoid defaulting on its debt, Apple takes in more money than it spends. http://www.cnn.com/2011/TECH/innovation/07/29/apple.cash.government/in
dex.html?hpt=hp_t2




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Friday, July 29, 2011 11:23 AM

DREAMTROVE


Quote fail, and the govt. has $2 trillion in revenue and $3 trillion in cash now, which is more than Apple. Also, the govt. is just asking to borrow $3 trillion more for '11 and '12 because they overspent.


That's what a ship is, you know - it's not just a keel and a hull and a deck and sails, that's what a ship needs.

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