Monday, September 16, 2002

From Today's Papers:

The WSJ fronts an estimate from Bush's chief economic adviser, Lawrence Lindsey, that a war with Iraq would cost the U.S. between $100 billion and $200 billion. (Lindsey actually told the WSJ that the "upper bound" of the cost would be between 1 percent and 2 percent of the gross domestic product; the paper extrapolated the exact figures.) That is significantly more than the $50 billion estimate that Pentagon officials have privately been shopping around to members of Congress. Lindsey, though, describes that amount as "nothing."