Folks in the White House should be taking notice, because Apple now has more cash on hand than the entire US government. That’s right, Steve Jobs is the new Uncle Sam.

Apple has an astounding $75.88 billion in cash, while the United States only has $73.77 billion. At least now the US has someone to borrow from besides China.

The Financial Post reports this news, and you can check the United States Treasury and Apple’s last earnings call to compare. Apple actually has more money than that compared to the US, considering the US “operating balance” only refers to the amount of money the country can spend before it hits the debt ceiling.

With Apple in talks to buy the likes of Hulu and even Barnes and Noble, perhaps Jobs and company should set their sights towards Washington. The nation could use another bailout.

Apple can proudly say that it’s richer than one of the world’s largest and most powerful countries, and we’re not sure wether we should be happy or disturbed by that.

[via TNW, thanks for the image @jgns!]

  • Saleh

    thats so cool

  • Angelo

    Who wonders? The government itself buys iPhones from apple…

  • soccerkrzy

    Sure, rely only what’s in the Federal Reserves as cash, but go ahead and count all of Apple’s stocks and shares and not their cash.

    It’s comparing apples to oranges.

    The US’s GDP is $14+ trillion….

    • soccerkrzy

      Read the real article from the Business Financial Post, it’s liquid cash.

      “Of course, the numbers aren’t directly comparable; the government’s number represents how much financial headroom it has before bumping up against an arbitrary debt ceiling, while Apple’s cash reserve represents the pile of money the Cupertino, California-based company has available on its balance sheet.”

      • Cameron

        @Soccerkrzy It’s called FOOTBALL not Soccer!

    • MattGod

      No pun intended with the metaphor?

    • Tyrone B

      Actually if I’m correct, that number is the amount of cash (dollar bills) that apple and the government have

  • Apple should donate to the US Government 🙂

    • soccerkrzy

      Here’s some perspective:

      That cash wouldn’t even come close to making a dent in our debt.

      • Frankie

        good link!

      • MALdito

        Oh my goodness, that is horrible! So much debt…. I think I’m gonna throw up 🙁 !!!!

  • Matt C

    I think the US govt should finance technology that consumers would pay for. Thus creating jobs and financing the govt. Id damn sure buy an usPhone instead of paying more taxes.

  • Zaskar

    Would love to buy an iPhone made in the USA

  • Tom B

    You should stick to commentary about iPhones and such and stay away from macroeconomics. You clearly have no idea what you’re talking about.

  • I’m with Tom. This is an IOS blog not a political one

  • ron

    this news is all the more reason to give apple and other megacorps a huge tax break on all that money they stashed overseas that they want to “repatriate.”

    but yeah, this comparison is retarded. the us govt has spent 1.2 trillion+ so far on the stupid wars in afghanistan and iraq to “keep the homeland (and apple) safe” so they can make a paltry couple billion selling shiny baubles to the masses.

    but at the same time the megacorps spend a palty couple million lobbying our bought and sold congress to reap much bigger millions and even billions in tax breaks and other gifts.

  • GregSDSU

    Our Country has a SPENDING problem, not a revenue problem. And what’s wrong with corporations earning money? It’s THEIR money, NOT YOURS. They EARNED it fair and square. Why don’t those whiners get a job and EARN their money instead of trying to GRAB others money??

  • During the week I work for the state government. My job is directly funded by federal dollars. On the weekends I write iPhone apps. It’s my backup plan that I embarked on a year ago. This news makes me feel smart for going the iPhone dev route 🙂

  • Voldemort

    yeahh this site is about ios…. not about how much money usa goverment or apple has….