Sovereign Debt Woes: Who's the 'U' in STUPID?

This article mentions the acronyms that we have learned in class such as PIIGS and explains that there is a new one in the economic world, STUPID. The debate is whether or not the U stands for Ukraine, USA, or the UK. The author goes into detail how Spain, Turkey, Portugal, Ireland and Dubai have tremendous amounts of national debt and that the USA and UK are traveling down this same road. The author finishes with, "A solution to the PIIGS problem and a credible plan for the UK economy after the election could see the focus return to the US deficit and investors would be STUPID to ignore the risk".