When the book The $3 Trillion War debuted in 2008, it was roundly criticized by such notables as John Lott, Richard Zerbe and Edgar Browning, who held that estimates of the cost of the war in Iraq were overstated. But in a conference call earlier this week, authors Joseph Stiglitz (Nobel Prize winner) and Linda Bilmes (Harvard University professor), said they underestimated those costs by at least one third.
During his run for the presidency, Barack Obama promised Americans change we could believe in. Little, however, has changed in domestic policy from the George W. Bush era, except to accelerate the already breakneck pace of government growth. And in foreign policy, the one area where Obama seemed to offer some significant contrast to his predecessor, there has been even greater continuity.