The BBC has reported a stunning statistic pertaining to the liquidity of US treasury dept that’s sweeping the world. Apple Inc which is responsible for the iPhone, iPad and laptops like the Macbook Pro , has reported in their most recent financial report that their liquid assets total 76.4 billion while the treasury allegedly is only sitting on 73.7 billion. With the country avidly watching the national debate over raising the nations debt ceiling once again, reports like this are less than comforting.

With the current state of the nation even gurus like Warren Buffet have been weighing in on the problem. Being one of the most successful business entrepreneurs in history his statements and understanding always never fail to invoke the brutal truth. His most recent statement made reference to the indisputable fact that if he were in control and his board had made choices that caused him to go seriously into debt he’d have fired his board of managers. One has to inquire why in fact we do not have a similar mentality?

The fact many are pointing out is that we cannot continue to keep taking loans in hopes to take the revenue and resolve the problem. With the stimulus funds having came and went more employment positions have continued to vanish making a viable case for this point. Presidential approval polls are at an all time low but it is debatable this is a problem the President may indeed not be in a position to fix. One must ask the question if this debacle is even correctable without avoiding a total financial collapse?

Many experts are pointing out that the US needs to take a page out of Apple’s playbook in getting their finances in order. With many agencies making threats of lowering the United States credit rating it’s clear something drastic should be done which may actually be beyond the president’s power. It’s common knowledge that if this downgrade actually takes place the ripple effect could have far reaching effects. Many financial consultants argue that despite whether the credit rating is officially compromised or not it doesn’t matter. With all the negative press our image in the US is already compromised.

Apple serves as a great reminder that America needs to focus on what made this nation a superpower initially which is making quality products that people need to buy. The challenge is even companies like Apple outsource the majority of the their manufacturing to China as labor is considerably cheaper. This is causing many businesses and employees to go looking for chapter 7 bankruptcy information as jobs continue to vanish as a consequence of this. Till this changes the U. S. might be in for a rocky road.

Mike has been retired for a few years after having worked as a paralegal for a considerable number of attorney firms. Be sure to visit his website he updates regularly concerning bankruptcy service as well as bankruptcy advice .