bush fed chief see no recession ahead, page-3

Here is read as good as any horror story that makes anything coming from the Bush admin very dodgy indeed.

http://www.businessspectator.com.au/bs.nsf/Article/The-real-cost-of-Iraq-C9RER?OpenDocument
And a tiny excerpt

By 2017, the interest America will have paid on the money borrowed (largely from China) to finance the war, will total $US1 trillion.

So according to Stiglitz and Bilmes the legacy of the Iraq war is an American Government so bankrupt it cannot bail out its own banks – banks like Citibank that are now in trouble having lent too much during the Greenspan credit explosion that followed the war.