Blissful Belle

Be Happy, Feel Beautiful

Apple Boasts More Cash Than Uncle Sam

It’s no secret that the United States economy has been suffering for the past few years.  We all know someone whose been laid off or let go just so their respective companies can survive the downfall.  With the wars in Iraq and Afghanistan still putting a constant strain on American wallets, many of us have had to change our lifestyles in order to keep up with the financial demands of everyday life.

To amplify and put in perspective just how severe the debt crisis in our country has become, take in these recent figures: according to the U.S Treasury Department, Washington now has an outgoing balance of $73 billion.  Perhaps this number does not come as a shock to most of you reading this, but put that $73 billion against Steve Jobs and the revenue created from Apple at the end of the 2011 fiscal year: $75 billion.  Yes folks, Apple now has more cash that our own government.

So do we owe Steve Jobs a big pat on the back and congratulatory high fives? Or do we owe the government some (very) choice words for making us poorer than our iPhones?  The trick is to not let this perspective get the best of us—Apple is an amazing company that has changed our technology forever, and the debt crisis is something we’ve all been dealing with for years now.  Just as the promise and anticipation of the new and improved iPhone 5 emerges from the horizon, it is important for Americans to have that same kind of wonder and positive belief that our own economy will bounce back.


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This entry was posted on July 30, 2011 by in News, Savvy Belle, Uncategorized and tagged , , , .
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