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: 603
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
In the garden, and RAIN!!! (2)
Sat, December 27, 2025 14:31 - 6555 posts
Music 4
Sat, December 27, 2025 13:30 - 7 posts
United States 2028 Presidential Election
Sat, December 27, 2025 12:40 - 63 posts
"Feminism" really means more Femtacular than you at EVERYTHING.
Sat, December 27, 2025 12:39 - 150 posts
All things Space
Sat, December 27, 2025 12:38 - 375 posts
2028 National Elections
Sat, December 27, 2025 12:36 - 6 posts
Rep. Ilhan Omar: The Dumbing Of The American People Has Arrived, How Else Do You Get Trump Again?
Sat, December 27, 2025 12:33 - 10 posts
Dutch right film maker banned from LONDONISTAN
Sat, December 27, 2025 12:26 - 128 posts
BUILD 2 WALLS, MAKE CANADA GREAT AGAIN. "Al La hu Ackbar" Michigan airport Attacker is man from Quebec and is a Canadian passport holder
Sat, December 27, 2025 12:24 - 16 posts
DNC ‘drowning’ in nearly $16M of debt — and pointing fingers as failed 2024 Biden-Harris campaign haunts Dems
Sat, December 27, 2025 10:14 - 3 posts
Trump Is Destroying Everything He Touches
Sat, December 27, 2025 07:49 - 1130 posts
Russia Invades Ukraine. Again
Sat, December 27, 2025 07:06 - 9644 posts

FFF.NET SOCIAL