Bond manager Bill Gross - U.S. in worse shape financially than Greece

A comforting thought (NOT!), but perhaps an exagerration. ... Gross, of course, the bond guru with Pimco.

Taken together, Gross puts the total at "nearly $100 trillion," that while perhaps a bit on the high side, places the country in a highly unenviable fiscal position that he said won't find a solution overnight.

As to who's going to contiunue to finance U.S. debt -

"We've always wondered who will buy Treasurys" after the Federal Reserve purchases the last of its $600 billion to end the second leg of its quantitative easing program later this month, Gross said. "It's certainly not Pimco and it's probably not the bond funds of the world."

How does the U.S. default on it's debt? The slow-motion way I-n-f-l-a-t-i-o-n.