5 ms·
When you have more money than the government that’s no so much of a problem.
by johnnyfaehell 8y ago
When you have more money than the government that’s no so much of a problem.
- mandeepj 8y agoYes, Apple is excluded from that statement. The company which had a budget of $1 billion for their new headquarters and end up spending $5b :-)
- mpweiher 8y agoAnd have that still be a rounding error on their balance sheet. :-)
- masklinn 8y agoTechnically Apple has more money than some governments, it's nowhere near the US Government's: Apple's entire assets could pay for under 18 months of net interest on the public debt (263bn in 2017).
- tinus_hn 8y agoThe US has negative money, they are in debt. I have more money than the US.
- singularity2001 8y agoMaybe you can make an offer to buy the US with 30% of your net worth. Then resell to a hedge fond.
- tinus_hn 8y agoI don’t think I have the patience to deal with the ‘deal maker’ in chief, sorry. I’ve heard he’s got quite a lot of experience with bankruptcies though so he might have new ideas to deal with all that debt the US has been taking on lately.
- masklinn 8y agoThe US has assets to cover its debts in spades. Nobody would give them money for free if they didn't. And the debt is owned at ~50% by the government itself or the Fed and ~20% by various non-federal investors (pensions, mutual funds, local governments, individuals) with the rest being owned by various non-US entities.
- snowwrestler 8y agoThe U.S. federal government can accumulate only debt, it cannot accumulate savings. Why? Because any surplus it generates is stored in Treasury bonds, which are also counted as debt. Things are different for the federal government. It's an institution of last resort, so the normal ways of thinking about personal finance don't apply. It can't open a "savings account" anywhere, because every other institution on Earth is smaller and less reliable.