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Bill Gates Now Has More Money Than The Federal Government (Fairness?)
Business Insider ^ | 07/30/2011 | Pascal Emanuel-Gobry

Posted on 07/30/2011 9:10:57 PM PDT by SeekAndFind

he Federal government now has only $54 billion in cash in the bank.

That's $2 billion less than the net worth of Bill Gates, as frequent BI commenter @ComfortablySmug points out on Twitter.

Ouch.

People had been writing that the US's cash balance had gotten so bad that it was less than some companies. Now it's so bad that it's less than some people. Terrible, terrible. It just goes to show that Congress needs to get its act together now and raise the debt ceiling.

(Of course, net worth and cash on hand are different concepts, so it's kind of comparing apples and oranges, but what matters is that it's a powerful symbol.)

(Excerpt) Read more at businessinsider.com ...


TOPICS: Business/Economy; Culture/Society; Government; News/Current Events
KEYWORDS: billgates; debt; government; money

1 posted on 07/30/2011 9:11:04 PM PDT by SeekAndFind
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To: SeekAndFind

The United States Only Has $54 Billion Of Cash Left In The Bank

See here :

http://www.fms.treas.gov/dts/index.html

That’s down from $100+ billion only eight days ago.
In the middle of last week came the shocking news that Apple, Inc., had more cash than the United States. Now, Apple has a lot more cash than the United States.


2 posted on 07/30/2011 9:13:01 PM PDT by SeekAndFind (u)
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To: SeekAndFind
Bill Gates Now Has More Money Than The Federal Government

They can just extort more when they run out.


3 posted on 07/30/2011 9:14:15 PM PDT by Iron Munro (The more effeminate & debauched the people, the more they are fitted for a tyrannical government.)
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To: SeekAndFind

So he could replace the government?


4 posted on 07/30/2011 9:16:40 PM PDT by Domestic Church (AMDG...)
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To: Domestic Church

Yes! Can he buy it and run it a bit more like a business?


5 posted on 07/30/2011 9:19:44 PM PDT by MetaThought
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To: SeekAndFind

Not the same, if Bill Gates tried to sell all his stock, the price would probably drop 90%; not that much left for the Government to waste.

Bill Gates’ method is best with small amounts (at least to him) many times.


6 posted on 07/30/2011 9:30:36 PM PDT by BillT (If you can not stand behind our military, you might as well stand in front of them!)
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To: MetaThought

Not that I like Gates, but that sure would be an improvement!


7 posted on 07/30/2011 9:30:46 PM PDT by Domestic Church (AMDG...)
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To: MetaThought

You really want to see the “blue screen of death” when you are dealing with the government?


8 posted on 07/30/2011 9:32:23 PM PDT by tdscpa
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To: Domestic Church

“So he could replace the government?”

For about 5 days.


9 posted on 07/30/2011 9:33:58 PM PDT by ScottfromNJ
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To: tdscpa
Sorry, I forgot. It is already a component of obamacare.
10 posted on 07/30/2011 9:35:57 PM PDT by tdscpa
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To: tdscpa
You really want to see the “blue screen of death” when you are dealing with the government?

Actually, if that meant shutting down most of it, I'd whole-heartedly welcome it! In a nice light shade of cerulean, at that! :)

11 posted on 07/30/2011 9:37:27 PM PDT by FromTheSidelines ("everything that deceives, also enchants" - Plato)
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To: SeekAndFind

If Obama is to be believed then by Tuesday we’ll all have more cash than the government.

Whoop dee doo.


12 posted on 07/30/2011 9:38:20 PM PDT by rogue yam
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To: SeekAndFind

When Bill Gates dies, the reality is that sorting through his estate will create more jobs and wealth in America than Obama has.


13 posted on 07/30/2011 9:46:39 PM PDT by nonamer
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To: SeekAndFind

Well as usual the article misses the point. Bill Gates money is money he earned and saved by operating on a budget unlike the Federal Government that uses a branch, the IRS, to confiscate money, not earned, but by law enforcement and continues to squander it unchecked with no budget restraints. Right now the Federal Government wants to confiscate more of our money to continue their unbridled spending habits. Hence raise the debt ceiling instead of getting our economical house in order by living with in it’s means of a rational budget that does not burden the people rich or poor. Bottom line it is not the government’s money to spend it is the people’s money and until the nut jobs on Capital Hill get that through their thick heads we will continue to be in a crisis.


14 posted on 07/30/2011 9:53:16 PM PDT by Captain Beyond (The Hammer of the gods! (Just a cool line from a Led Zep song))
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To: SeekAndFind

If I borrowed 56 billion, I wouldn’t consider myself wealthier than Bill Gates. The media is missing the whole point of this. The government has maxed out its credit card....again.....as planned. The argument is simple - let’s quit planning to max it out again.


15 posted on 07/30/2011 9:53:41 PM PDT by lacrew (Mr. Soetoro, we regret to inform you that your race card is over the credit limit.)
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To: SeekAndFind

Gee. Someone tell the Bamster.


16 posted on 07/30/2011 9:54:06 PM PDT by combat_boots (The Lion of Judah cometh. Hallelujah. Gloria Patri, Filio et Spiritui Sancto.)
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To: SeekAndFind; All

The US government does not count the value of all the buildings, lands, etc. it owns. Or all the crap it has purchased with the debt: Aircraft carriers, nuclear submarines, Air Wings, Tanks, H bombs, ICBMs, just think of the things it buys.

It owns more land than any other entity and more buildings than any real estate concern.


17 posted on 07/30/2011 9:56:57 PM PDT by arrogantsob (Why do They hate her so much?)
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To: SeekAndFind

You can bet very little of it came from theft


18 posted on 07/30/2011 9:59:05 PM PDT by GeronL (The Right to Life came before the Right to Happiness)
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To: SeekAndFind

It would be nice since the Appleheads rejoice they have more money in their cult corporation than Microsoft, that they give all those billions to charity.

But they don’t.


19 posted on 07/30/2011 10:09:12 PM PDT by quantim (Victory is not relative, it is absolute.)
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To: SeekAndFind

All of us have more money than the Federal Government. They are 14 trillion in the hole.


20 posted on 07/30/2011 10:13:37 PM PDT by wjcsux ("In a time of universal deceit, telling the truth becomes a revolutionary act." - George Orwell)
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To: SeekAndFind

Every US citizen has more money than the Feds. The feds have no money, all the money they spend belongs to US, the citizens and legal residents the USA. There is no such thing as government money, only taxpayers money.


21 posted on 07/30/2011 10:37:24 PM PDT by calex59
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To: calex59
Milton Friedman used to say that all the time: "The government doesn't have any money... people have money."

22 posted on 07/30/2011 10:45:48 PM PDT by Minus_The_Bear
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To: quantim
I dislike Apple... but most of the "charity" Bill Gates engages in are efforts to bring down population numbers in Africa.

His father sat on the board of Planned Parenthood in the 60s and '70s. Bill is just taking his fathers ideas global to India and Africa.
23 posted on 07/30/2011 10:49:01 PM PDT by Minus_The_Bear
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To: SeekAndFind
When you're 14 trillion dollars in debt, everyone has more money than you do.
24 posted on 07/30/2011 10:52:39 PM PDT by tacticalogic
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To: wjcsux

Not to mention $114.8 trillion in unfunded liabilities.


25 posted on 07/30/2011 11:11:08 PM PDT by TigersEye (No dark sarcasm in the press room ... Hey!, Barry!, leave them bills alone.)
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To: SeekAndFind

So by next week, I will have more money than the federal government...

Wooo Hooo.


26 posted on 07/30/2011 11:38:20 PM PDT by Pikachu_Dad (Impeach Sen Quinn)
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To: SeekAndFind

He spent less than his income, wonder of wonders, he has a surplus.


27 posted on 07/30/2011 11:46:50 PM PDT by runninglips (Republicans = 99 lb weaklings of politics.)
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To: SeekAndFind

The one thing fedgov has that Bill Gates doesn’t, is the ability to take your money away from you by the point of a gun. Don’t believe me? Stop paying your taxes, and let’s see how far you get.


28 posted on 07/30/2011 11:58:52 PM PDT by factoryrat (We are the producers, the creators. Grow it, mine it, build it.)
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To: Domestic Church

Don’t forget Peelosi and her husband, they are worth mucho bucks also, but don’t worry she’ll stil get her Senate bucks along with her staff, and pee on you peons, bet on it.


29 posted on 07/31/2011 12:07:45 AM PDT by Waco (Nominate Palin or forget 2012 you lost)
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To: SeekAndFind

In all fairness and shared sacrifice... Bill needs to fork over 3/4’s of his wealth to the US Govt. Isn’t that fair? He can live on the balance just fine. /s/


30 posted on 07/31/2011 12:10:20 AM PDT by antceecee (Bless us Father.. have mercy on us and protect us from evil.)
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To: arrogantsob

And everything it “owns” is a liability, not an asset! Can you think of one US government asset that does not cost us money every year to maintain?

Give the “Western land” back to the states, and save billions/year.

How much more can you pay the government for an H bomb than it cost us?


31 posted on 07/31/2011 1:27:01 AM PDT by tdscpa
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To: SeekAndFind

Microsoft could buy the USA now?

Soon it will be a crime to run Linux.


32 posted on 07/31/2011 1:33:57 AM PDT by HiTech RedNeck (There's gonna be a Redneck Revolution!)
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To: GeronL

Some aver that Gates got his start through business practices so sharp they were ethically questionable.


33 posted on 07/31/2011 1:36:07 AM PDT by HiTech RedNeck (There's gonna be a Redneck Revolution!)
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To: SeekAndFind

He’s better at managing his money than the current Federal Government


34 posted on 07/31/2011 2:34:56 AM PDT by jmcenanly ( "We pay a person the compliment of acknowledging his superiority whenever we lie to him." -Samuel)
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To: SeekAndFind

US’s cash balance had gotten so bad that it was less than some companies.
Democrats killed the balanced budget bill,what do they fear? honesty.


35 posted on 07/31/2011 3:31:12 AM PDT by Vaduz
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To: SeekAndFind

Let’s be honest. The country’s balance sheet is not in bad condition. Think of all of the land owned by the federal government. If we started selling off strategic pieces, we could eliminate the national debt and become energy independent. Of course, that will never happen. But it is disingenuous to talk about net worth based solely on an income statement for the asset side and the balance sheet debt.


36 posted on 07/31/2011 4:08:42 AM PDT by Entrepreneur (In hoc signo vinces)
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To: SeekAndFind

Watch out Bill! The DemoThiving Damned nation you have been supporting are now targetting *you*.


37 posted on 07/31/2011 4:14:09 AM PDT by DGHoodini (Iran Azadi)
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To: SeekAndFind

It stands to reason that anybody that spends less than they take in will eventually pass the US government in terms of accumulated wealth. The government is bankrupt, basically. They should be liquidating assets to pay off debt.


38 posted on 07/31/2011 4:17:27 AM PDT by meyer (We will not sit down and shut up.)
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To: SeekAndFind

Bill might have more money than the government, but he got it the old fashioned way.... he earned it.


39 posted on 07/31/2011 5:07:34 AM PDT by Pearls Before Swine
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To: SeekAndFind

Who’s kidding who? Everyone knows by now that all of Gates’ money belongs to the government - my and everyone else’s bank accounts and investments are officially the property of the despots who call themselves our “representatives”.


40 posted on 07/31/2011 5:17:01 AM PDT by trebb ("If a man will not work, he should not eat" From 2 Thes 3)
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To: SeekAndFind

Forget about Bill Gates...I have more money than the Federal government when you consider debt-to-income ratios. At least I am not in debt to the tune of approximately five or six times my yearly salary.


41 posted on 07/31/2011 5:45:11 AM PDT by DennisR (Look around - God gives countless, indisputable clues that He does, indeed, exist.)
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To: tdscpa

That’s what we see all of the time, so it would not be any different, would it?


42 posted on 07/31/2011 5:46:18 AM PDT by DennisR (Look around - God gives countless, indisputable clues that He does, indeed, exist.)
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To: jmcenanly

He’s better at managing his money than the current Federal Government

My 14 year old daughter can make that claim.


43 posted on 07/31/2011 6:09:32 AM PDT by Cyclone59 (The national debt has gone from $8.5T in 2006 to $13.5T in 2010 - led by the democRATS)
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To: tdscpa

Ah, but is it really worse than the Red Tape Of Death?


44 posted on 07/31/2011 11:03:14 AM PDT by MetaThought
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To: tdscpa

Hey, as far as I am concerned we could have a fire sale as long as the results paid down debt. Do all that and let see how much debt is left.

Assets have costs associated with them in business so that isn’t anything to worry about.

I am merely pointing out something that is never considered: what is actually purchased with the debt and that the government owns trillions perhaps even thousands of trillions of valuable assets.

Don’t you agree that is true?


45 posted on 07/31/2011 8:59:51 PM PDT by arrogantsob (Why do They hate her so much?)
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To: SeekAndFind

Gates is a lib, take his money!


46 posted on 07/31/2011 9:01:37 PM PDT by School of Rational Thought ("The proposition that the government is always right is manifested either in corruption or benefits)
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To: Pikachu_Dad
Anyone with no debit and a small amount of savings has more money then the Federal government.
47 posted on 08/01/2011 6:54:07 AM PDT by 2001convSVT (Going Galt as fast as I can.)
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To: arrogantsob

Yes, the government owns a huge amount of valuable assets. But it will not sell them, and they earn nothing. A business would earn something with them or sell them.

The government’s “assets” just cost huge amounts to maintain, and keep the states and localities from reaping property taxes from them, and individuals and businesses from earning a return from them and paying taxes to the governments on those profits.

This is fine for reasonable amounts of land for “National Parks and Monuments” but when Clinton locks up huge amounts of mineral rich property to enrich his foreign buddies, it is just corruption.


48 posted on 08/03/2011 2:14:50 AM PDT by tdscpa
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To: tdscpa

I think the feds should definitely sell a lot of the land, if not most, that it owns particularly when it makes up the majority of land in several states.

Clinton’s coal deal is just one of the harmful actions which need to be addressed. We can expect no less from the Democrats.


49 posted on 08/03/2011 9:44:52 AM PDT by arrogantsob (Why do They hate her so much?)
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To: Waco

Is she a Representative and a Senator? Wow! That’s a career path I never imagined was possible!


50 posted on 08/03/2011 11:02:47 PM PDT by tdscpa
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