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Thursday, 4 August 2011

Apple Has More Money Than The U.S. Federal Government


It may be a few companies that is strong enough to withstand the recession, which has positive economic reports, when almost every company has to throw axes to cut labor costs. Apple reported earnings per quarter until the recession stronger, and it is not surprising because the Cupertino company has more money than the federal government, the BBC reports. Apple's recent $ 76.4 billion economic upside Posted in cash reserve is a massive movement of portable devices such as iPhone, iPod, iPad, and when the U.S. government and the Ministry of Finance has just $ 73.7 billion.

Congress is still in the grip of a debate about spending and whether the federal government, now billions in debt, should be allowed to borrow more. International rating agencies threatened to reduce the national debt for the first time in the history of the nation, if Washington does not pose a solution to increase the maximum limit of 14.3 trillion of debt, while the implementation of a specific plan for the nation's finances in order.

"Billions of debt", ie a large number of what? We believe that the federal government should learn something from Apple.

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