BrainKing - Discussion boards (Politics)

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Politics

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30. July 2011, 04:53:37

Papa Zoom

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As of Thursday afternoon, the federal government has less money to spend than Apple.

The Financial Post dug into the U.S. Treasury’s daily reports and found that the federal government has a remaining operating balance of $73.768 billion before it hits the debt ceiling next Tuesday.

In stark contrast, Steve Jobs’ company has cash reserves of $75.876 billion, according to its recent and record-breaking second quarter earnings report.

The reason for this? Apple doesn't spend more than it takes in. Obama could learn from this. He's brought more debt to this country than ANY president and he plans on adding trillions more.