iUSA

By J. Thomas Duffy 

Well, if we see President Obama sporting a black turtleneck over the weekend, perhaps that will signal that Apple has purchased the U.S. Government.

 

U.S. balance now less than Apple cash 

Steve Jobs is now more liquid than Uncle Sam...

As Republicans and Democrats continue to work towards a compromise to the country’s debt ceiling crisis, the U.S. Treasury Department said on Thursday that Washington now has a total operating balance of only US$73.768-billion.

Meanwhile, Apple currently boasts a cash reserve of US$75.876-billion, as of its most recent quarterly earnings report at the end of June.

 

If that happens, I suppose, we'll all be mandated to purchase iPhones (which will help streamline the iLocater program), and changes will include download apps for things like Social Security and Food Stamps.

And Jobs can scratch the plans for building his new spaceship office, as, no doubt, he'll move straight into the White House, incorporating the Apple logo into the presidential seal. 

Welcome, to the good ol' iUSA!

(Cross-posted at The Garlic.)