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Why do people insist on calling low-ball costs "conservative"?

If you are estimating a cost the the conservative estimate ought to be the highst in the range not the very lowest. And why the hell do so-called liberals keep shilling for Bush by undercutting even the lowest of estimates?

This linked to dKos diary takes an alread low low price of $2 trillion (which doesn't include all costs to begin with and is self-described as "conservative") and halved them by describing the $2,000,000,000,000 as "$1-2 trillion". The guys who calculated the amount say they "erred on the side of caution".

Since when is it cautious to UNDER estimate costs?

The Guardian also low-balls the amount at "up to 10 times more than previously thought". NO. AS LITTLE AS ten times the amount previously "thought".

Where "thougth" is a euphemism for "reported by the Bush administration".

This figure doesn't EVEN represents an absolute MINIMUM but is lower than an absolute minimum.

Of course there is an obvious sense in which these low-balled estimates should be called "conservative" or rather "Republican".

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