Debt problems solved-Ask Apple for some money
As USA is struggling to find a solution to it’s debt problems, Apple reportedly has more cash than Uncle Sam. If Uncle Sam is poor, or Apple to powerful, is a question for debate. While Apple’s mountain of cash has been added to during the last years, the actual taxes paid by Apple have not been growing proportionately. Maybe a bridge loan from Apple could do the thing short term at least? Financial post reports;
Steve Jobs is now more liquid than Uncle Sam.
While it’s highly unlikely that President Barack Obama is looking to ask the founder and chief executive of Apple Inc. for a loan, it became a fact as of Thursday afternoon — the world’s largest technology company now has more cash on hand than the most powerful democracy on Earth has spending room.
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