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US Treasury Now Has Less Cash Than Apple

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July 28, 2011 – Comments (7)

"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."  

http://business.financialpost.com/2011/07/28/u-s-balance-now-less-than-apple-cash/

7 Comments – Post Your Own

#1) On July 28, 2011 at 7:35 PM, TMFCrocoStimpy (95.14) wrote:

Perhaps Apple will issue an iOU

:)

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#2) On July 28, 2011 at 7:50 PM, ikkyu2 (99.39) wrote:

iOU!  I love it!

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#3) On July 28, 2011 at 7:53 PM, EnigmaDude (98.01) wrote:

Maybe we should just have Steve jobs run the country.  He can rename it iOUSA.

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#4) On July 28, 2011 at 10:46 PM, silverminer (31.43) wrote:

Morgan ... you HAVE to write that up!  :)

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#5) On July 29, 2011 at 12:00 AM, awallejr (82.76) wrote:

Except the US treasury has one thing Apple doesn't have, and that is a printing press ;p

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#6) On July 29, 2011 at 10:20 AM, outoffocus (23.66) wrote:

Balance the budget? Theres an app for that...

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#7) On July 29, 2011 at 5:18 PM, davejh23 (< 20) wrote:

Next week the Treasury might have less cash than I currently have in my wallet.

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