Recommended Reading

Matt Yglesias says that the original Bush administration estimates of the cost of the Iraq War — which ranged from $200 million to nothing at all — were waaaaay wrong. The total cost is going to be over one trillion dollars. How many businesses would just shrug and not get upset if some cost estimator was off by that many jillion percent? And if so much of the overage had just gone into contractors' pockets without work being properly completed?