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Consumer Affairs

No Debt Limit/Default Crisis at Apple Computer

Once-mighty U.S. Treasury has less cash on hand than Steve Jobs


PhotoLast we heard, Congress was still hopelessly deadlocked. About everything.

While this is not particularly unusual – and, in many instances, downright desirable – it is driving world financial markets mad and threatening to plunge the economy back to the days of wampum and beads.

Now we know that everybody in Washington complains constantly about Wall Street and those big bad rich people and giant corporations but here's a little figure from the Financial Post that may make you consider whether a benevolent dictator (common in the business world) might not have its attractions in the governmental realm:

  • Net operating balance of the United States Treasury: $73.768 billion
  • Apple Corp. cash reserve: $75.876 billion

Maybe it's time to call in Steve Jobs to run the country? He probably could spare a few minutes a day to get things back on track..


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Tim Pasqualino (Sun, 31 Jul 2011 18:52:40 +0000): .
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