Fuzzy Math


Cato's Julian Sanchez on the projected cost of a new war with Saddam: "Lawrence Lindsey…was tactless enough to give a $100-200 billion estimate for the cost of a war in Iraq (and never mind occupation). Now the NY Times reports that OMB head Mitch Daniels has re-evaluated the situation and predicted that the war will cost only $50-60 billion. That's a hell of a trick, given that the original cakewalk Gulf War cost $80 billion, inflation-adjusted."