Apple has so much cash that it has to borrow money? That sounds like another “If it is backward and stupid, it must be government” story.
Yes, Apple is said to have $150 Billion dollars in cash, much of it is overseas. So why would they look to borrow money? TAXES! If they brought billions of dollars back into this country, which would help to create jobs, they get taxed at around 30%. But they can borrow money at 3%. So they borrow. WHAT?
I will say it again. Everything that is wrong with this country is caused in some form by the government. If it is stupid and backwards, the opposite of what seems should be normal, it must be government.
Stay tuned here for more stupidity and unintended consequences.