Apple Has More Cash Than the U.S. Government

#Money

Fri, Jul 29th, 2011 10:00 by capnasty NEWS

According to Canada's Financial Post, as of yesterday, the United States Government-- once considered the most powerful on Earth -- has less spending money than Steve Jobs' company, Apple.

From the article:

As Republicans and Democrats continue to work towards a compromise to the country's debt ceiling crisis, the U.S. Treasury Department said on Thursday that Washington now has a total operating balance of only US$73.768-billion.

Meanwhile, Apple currently boasts a cash reserve of US$75.876-billion, as of its most recent quarterly earnings report at the end of June.

If this sounds crazy, it's probably because the crazies are running the show.

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