Tuesday, January 17, 2006


This isn't political capital we are talking about. The cost for the war in Iraq does not just continue to mount, but is ramping up at light speed.

Given the projected cost of $1 trillion to $2 trillion, one might imagine that American taxpayers are now rolling on the floor in hysterical laughter while gasping for air.
To get an idea of the economic black hole the Iraq war could become, it is useful to remember some of the past estimates given by the administration of President George W Bush. Recall, for example, when then-White House economic adviser Lawrence Lindsey suggested in 2002, six months before the war, that the mission could cost $100 billion to $200 billion, Bush fired him because his estimate was up to three times the $70 billion the administration estimated.

I am thinking he fired the wrong guy.

Tip to Mark Shea.

No comments: