Posts Tagged ‘Apple’

Apple has more cash than the U.S. Government

July 29, 2011

As cultist Republican Congressman prepare to destroy the American economy today by refusing to raise the debt ceiling, they may want to consider this: According to daily statistics provided by the U.S. Treasury, the government actually has less cash on hand than the computer company Apple.

Businessinsider.com has an amazing article today. It explains that, as of yesterday, the United States of America has $73.8 billion of actual cash on hand laying around. Apple’s last earnings report indicates they have $76.2 billion in cash.