Think Progress has a startling visual (and details, of course). Check out who, as of July 13, had more cash on hand than our own U.S. Treasury:
Two of the top three companies are Chinese, while Bank of America comes in third. The numbers effectively rebut Republican claims that the government has plenty of money to keep funding essential services while paying down its debt. It also belies GOP claims that companies are in need of lower corporate taxes. American corporations have a record amount of cash — they are just refusing to invest domestically while lobbying for tax breaks.
Unacceptable. 29 public companies had more cash than our own Treasury Department. Something must change in this country, and we the people will have to make that happen.