REAL WORLD EVENT DISCUSSIONS

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

POSTED BY: NIKI2
UPDATED: Friday, July 29, 2011 11:23
SHORT URL:
VIEWED: 579
PAGE 1 of 1

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




NOTIFY: Y   |  REPLY  |  REPLY WITH QUOTE  |  TOP  |  HOME  

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.

NOTIFY: Y   |  REPLY  |  REPLY WITH QUOTE  |  TOP  |  HOME  

YOUR OPTIONS

NEW POSTS TODAY

USERPOST DATE

OTHER TOPICS

DISCUSSIONS
It Warms the Heart: Patel’s FBI raids John Bolton’s home in high-profile national security probe
Fri, August 22, 2025 09:05 - 4 posts
Tucker Carlson out at FOX News
Fri, August 22, 2025 08:46 - 100 posts
A.I Artificial Intelligence AI
Fri, August 22, 2025 08:07 - 340 posts
Bolton is out, finally!
Fri, August 22, 2025 08:01 - 35 posts
Tucker Carlson
Fri, August 22, 2025 07:50 - 150 posts
Russia Invades Ukraine. Again
Fri, August 22, 2025 07:47 - 8778 posts
No More Identity Politics
Fri, August 22, 2025 07:42 - 76 posts
Do you feel like the winds of change are blowing today too?
Fri, August 22, 2025 05:47 - 3023 posts
Neil deGrasse Tyson
Fri, August 22, 2025 05:20 - 49 posts
Murial Bowser demands National Guard in D.C.
Fri, August 22, 2025 05:13 - 4 posts
Critical Race Theory 'I'm out'
Fri, August 22, 2025 05:00 - 174 posts
Why does THUGR shit up the board by bumping his pointless threads?
Fri, August 22, 2025 00:06 - 48 posts

FFF.NET SOCIAL