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Current Affairs
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Iraq debts.
"The reconstruction of Iraq will largely pay for itself," said US Deputy Secretary of Defence Paul Wolfowitz on morning television talk shows before the onset of the war. "One thing that is certain is that Iraq is a wealthy nation."
White House Press Secretary Ari Fleischer echoed the same comments as one after another the Bush administration hard liners tried to assuage the American public's rising anxiety over the costs of the war in Iraq. A look at Iraq's national balance sheet tells a different story. "This will add up to trouble," a small, but growing number of economists say, "and the Bush administrat...See the full content of this document
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