operating margins and profits , page-20

Champ

"There will come a time that they will not be allowed to borrow any more money as their credit rating will diminish."

Yields on US treasuries are at a multi decade low. If there was any concern about the credit worthiness of the US Government yields on new issues would be significantly higher, and issues would be under subscribed.

I think the contrary is actually true during times of shocks in the equity market investors still flock to treasuries as a secure stable fixed interest investment.

Its really quite illogical to talk of the US defaulting on debt, its almost like discussing the end of the world in 2012 IMO.