Itally Economy's and The US Downgrade

Published: Aug. 9, 2011, 10:30 a.m.

Fears are growing in Berlin that Italy's economy may be too big to be rescued by the European stability fund, German news magazine Der Spiegel reported on Sunday.
Italy's is the world's eighth largest economy with a public debt of about 1.8 trillion euros ($2.6 trillion), equivalent to roughly 120 percent of its national output.
Does the US have a "rabbit in the Hat" like the tech or housing boom ,No.