Apple is richer than US government

[raflamo]

Apple reported the quarterly earning of US$ 75.86 billion till the 25th of June 2011 .

The U.S government reported total operational balance of US$ 73.768 billion on Thursday , which is lesser than Apple.

The US Government, on the other hand, is close to defaulting on its national debt of $14.3 trillion.

The failure by the Republicans and Democrats to come to a compromise to raise the current $14.3 trillion debt ceiling by Aug 2 could lead to a hike in interest rates.


http://articles.economictimes.indiat...let-steve-jobs

raflamo Reviewed by raflamo on 31st Jul 2011. Apple is richer than US government http://imgcrave.com/u/hgb4s.jpg Apple reported the quarterly earning of US$ 75.86 billion till the 25th of June 2011 . The U.S government reported total operational balance of US$ 73.768 billion on Thursday , which is lesser than Apple. The US Government, on the other hand, is close to defaulting on its national debt of $14.3 trillion. The failure by the Republicans and Democrats to come to a compromise to raise the current $14.3 trillion debt ceiling by Aug 2 could lead to a Rating: 5

[Mr Happy]

The US government spend $10 billion a day so Apple would be broke in a few days. You can't compare these two things as it's like saying a canoe is faster than a Formula 1 racing car crossing a lake.

[adrunkenmess]

Apple still isn't richer than the US government. Apple couldn't survive a 1 trillion dollar debt yet alone 14 trillion.

[Cooldude-]

I read this article somewhere..

But i don't believe it though.