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Apple Now Has More Cash Than The U.S. Government Read more: http://www.businessinsider.com/apple-has-more-cash-on-hand-than-the-us-government

July 29, 2011

In other words, the world’s largest tech company has more cash than the world’s largest sovereign government.
That’s because Apple collects more money than it spends, while the U.S. government does not.

One would think that the simple solution of reducing spending by 5 or 10% a year until we reach balance would occur to someone in the 535 members of congress….

Read more: http://www.businessinsider.com/apple-has-more-cash-on-hand-than-the-us-government-2011-7#ixzz1TVfb7zex

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