Apple has more cash than the federal government

By Chris Moody

As the BBC has reported, the software company Apple has more cash on hand than the United States federal government, according to the company's financial records.

Apple's quarterly financial report shows that the company responsible for the iPad, iPod and the iPhone now has $76.4 billion in reserve cash, while the Treasury Department is sitting on just $73.7 billion.

The feds could probably learn a thing or two from Apple's success. Congress remains embroiled in a debate over spending and whether the federal government, which currently owes trillions in debt, should be allowed to borrow even more. International credit rating agencies have threatened to downgrade the national debt for the first time in the nation's history if Washington doesn't come up with a solution to lift the $14.3 trillion debt ceiling while implementing a concrete plan to get the nation's financial house in order.

Meanwhile, Apple's financial report shows that the company's profits, even through the last recession, are booming.

Feds to Regulate Ice Makers

April 19th, 2011

In its latest effort to save the planet from global warming, the U.S. government is on the verge of regulating ice makers commonly found in many refrigerators because they increase energy consumption by a good 12 to 20%.

This could be detrimental to the environment since there are more than 100 million refrigerators across the nation and they devour a substantial chunk of the electricity used by all households. Energy consumed by refrigerators as a whole has long been documented but not what the ice makers inside their freezers use individually.

Americans can finally sleep soundly through the night because government scientists have completed the ice maker study and the findings have been beautifully laid out in a 79-page report titled Energy Consumption of Automatic Ice Makers Installed in Domestic Refrigerators. The information is being used to make a case for regulating the popular little machines that are contributing to the planet’s destruction.

In a nutshell, the culprit is the tiny motor inside the freezing system that’s used to release ice from the mold and into a tray. Because the motor is specially built to function in a cold setting, it requires an internal heater to keep it from freezing up. Here’s where it gets serious; heating elements require a lot of power and that’s where the extra energy consumption kicks in.

I wonder if this will affect ice hockey?

US MAY LOSE ITS GOOD CREDIT RATING

Wouldn't it be neat if the Government got turned down by VISA because of their credit rating. But, how could we possibly have a good credit rating anyway with the debt we have?

Who would get the calls from Capital One if payments are not made on time?

Would Obama get calls all day, "All information obtained will be used to collect a debt."

I wonder what the government pays, each month, on credit card charges?

MEMO

From: VISA
To: Barack Obama

A recent check of your Credit Rating reveals that you are heavily in debt and are having a tremendous cash flow problem, and quite frankly, have a lousy Credit Rating. If you can get a co-signer, such as China, your account may be re-evaluated.

From this date on, we, and other Credit Card companies will only accept PRE-PAID DEBIT cards from the United States Government.

We will keep you informed if there is a change in your Credit Status.

PS - Printing new currency will only be evaluated on the cost of the paper and ink, i.e., a Dollar Bill will have a valuation of .015 cents.   Ledger entries are NOT ACCEPTED.

Sunday Morning Food for Thought

Gubmint and How de Gubmint Works


Once upon a time the government had a vast scrap yard in the middle of a desert. Congress said, "Someone may steal from it at night." So they created a night watchman position and hired a person for the job.

Then Congress said, "How does the watchman do his job without instruction?" So they created a planning department and hired two people, one person to write the instructions and one person to do time studies.

Then Congress said, "How will we know the night watchman is doing the tasks correctly?" So they created a Quality Control department and hired two people, one to do the studies and one to write the reports.

Then Congress said, "How are these people going to get paid?" So they created two positions, a time keeper and a payroll officer, then hired two people.

Then Congress said, "Who will be accountable for all of these people?"

So they created an administrative section and hired three people, an Administrative Officer, an Assistant Administrative Officer, and a Legal Secretary.

Then Congress said, "We have had this command in operation for one year, and we are $918,000 over budget. We must cut back." So they laid off the night watchman..

NOW slowly, let that sink in.

Quietly, we go like sheep to slaughter.

Does anybody remember the reason given for the establishment of the DEPARTMENT OF ENERGY..... during the Carter Administration?

No?

Didn't think so!

Bottom line: We've spent several hundred billion dollars in support of an agency...the reason for which not one person who reads this can remember!

Ready?? It was very simple . . . and, at the time, everybody thought it very appropriate.

The Department of Energy was instituted on 8/04/1977 TO LESSEN OUR DEPENDENCE ON FOREIGN OIL.

Hey, pretty efficient, huh???

AND, NOW, IT'S 2011 -- 34 YEARS LATER -- AND THE BUDGET FOR THIS "NECESSARY" DEPARTMENT IS AT $24.2 BILLION A YEAR. IT HAS 16,000 FEDERAL EMPLOYEES AND APPROXIMATELY 100,000 CONTRACT EMPLOYEES, AND LOOK AT THE JOB IT HAS DONE! THIS IS WHERE YOU SLAP YOUR FOREHEAD AND SAY, "WHAT WERE THEY THINKING?"

A little over 34 years ago, 30% of our oil consumption was foreign imports. Today 70% of our oil consumption is foreign imports.

Ah, yes -- the good old Federal bureaucracy!!

NOW, WE HAVE TURNED THE BANKING SYSTEM, HEALTH CARE, AND THE AUTO INDUSTRY OVER TO THE SAME GOVERNMENT?

Hello-o-o-o-o!! Anybody Home?

Under suspicion: Millions paid to former suspects

The Associated Press – Mon Mar 21, 5:21 am ET

In recent years the federal government or its contractors have paid millions of dollars to settle lawsuits filed by people who say they were unfairly detained or harassed because of terrorism fears. The payments include:
• $2 million in 2006 to Portland, Ore., lawyer Brandon Mayfield, who was jailed after FBI agents mistakenly linked him to a fingerprint found after the 2004 Madrid train bombings.
• $2.5 million in attorney fees and damages, ordered by a judge who found that the U.S. government failed to get court warrants before wiretapping the calls of an Oregon charity accused of supporting terrorists.
• $1.8 million in 2006 and 2009 to seven men detained for months in New York and New Jersey shortly after Sept. 11. Other plaintiffs in the case are still pursuing it in court, and their lawyers say it could eventually involve about 1,200 former detainees.
• $250,000 in 2009 to Abdallah Higazy, jailed for 34 days after an aviation radio was found in the safe of a hotel room he was occupying near the World Trade Center on Sept. 11. The radio had been left in the room by a previous guest, a pilot.
• $240,000 paid to Raed Jarrar by the Transportation Security Administration and JetBlue Airways after the TSA forced him to cover a shirt with Arabic script before boarding a flight.
• $225,000 paid by the San Francisco Police Department and a TSA contractor to Rahinah Ibrahim, who was detained at the San Francisco International Airport and lost her U.S. visa after her name appeared on a no-fly list. The Department of Homeland Security is still fighting her lawsuit.