banned from Kos
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Fri Jul-29-11 07:45 AM
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The U.S. Treasury has less cash on hand than Apple |
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http://tech.fortune.cnn.com/2011/07/29/the-u-s-treasury-has-less-cash-on-hand-than-apple-inc/?section=magazines_fortune"Not that Apple could bail us out. At the rate the U.S. spends money -- more than $10 billion a day -- Apple's cash wouldn't last two weeks."
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baldguy
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Fri Jul-29-11 08:04 AM
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1. Apple's bank account isn't being held hostage by ten yr old terrorists. |
AnnaLee
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Fri Jul-29-11 08:29 AM
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The US government cannot "save up" cash on hand. So it's revenues at any point in time is equal to the inflow of revenue. Note that Apple's "cash" is probably a lot of US securities embedded within the US debt figures. If the US had an excess of revenues, it still could not save it. It would be used as collected to pay for debt. That is what Clinton's plan was - to create excess revenue and reduce the non-government held part of the debt to ease the burden of paying for the government held debt owed to SS, retirement trusts, etc. in the future.
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Fri Apr 19th 2024, 07:44 PM
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