Apple Should Give Uncle Sam a Loan

Posted on

July 29th, 2011

by

According to Chris Moody of The Ticket, Apple’s quarterly financial report shows that the company now has $76.4 billion in reserve cash, while the Treasury Department only has $73.7 billion. With all of the iPods, iPads and iPhones we’ve purchased, perhaps Apple should extend Uncle Sam a loan. It’s unfortunate that our representatives, if we can call them that, have waited so long to address such an important event. Conversely, Congress seemed very interested in addressing the light bulb issue quickly, with several light bulb related votes resulting in a bill to block standards for traditional incandescent light bulbs to be 30 percent more energy efficient next year. So, let there be light, incandescent that is… Regardless of party affiliation, I think everyone would agree, that this latest round of party bickering and political maneuvering around something as important as a debt default, has resulted in an amazingly poor showing. Is this the best we can do?