The chief executive of Pimco, the world's biggest bond fund, voiced concerns yesterday about massive U.S. debt levels, saying he preferred to invest in German government bonds than U.S. treasuries in the current environment. Mohamed El-Erian, head of Pacific Investment Management Co., called Greece a "massive wake-up call," saying its debt crisis threatened to infect other nations and push investors into safe-haven bond markets. U.S. treasuries are traditionally seen as the preferred safe haven, but Mr. El-Erian, right, said German bonds were likely to outperform them, given Washington's government debt to gross domestic product ratio of more than 60%. "As we stand today, we prefer to take interest rate risk like government bonds in Germany, which has much better conditions than in the United States," Mr. El-Erian said.

Read more: http://www.financialpost.com/story.html?id=2538944#ixzz0f6Gf0OCB

yes they are but a little closer to home the money people are saying bank of america and citi bank might both fail and the government well not save them this time ..Our debt level may distroy us but what the hell not many people here willing to help save this place . so lets get it on .