War Profiteering

Posted: 8/14/2007 by Floyd in Labels:

More than 160,000 troops are in Iraq since the administration has doubled it's use of private war companies, there are close to 200,000 private contractors in Iraq. I had saw this number before so I knew the big numbers were out there when you talk of the contractors involved in Iraq and I also knew by reading many article's out there that they were more or less making out like bandits on compensation. This is an extensive article by Alternet concerning the private profiteers in Iraq including Blackwater USA, DynCorp, Triple Canopy, Erinys and ArmorGroup. The extent of U.S spending on mercenaries is almost impossible to obtain according to the article, I have heard sketches that the drivers who drive water up to the outposts around Baghdad get in the neighborhood of over 100 grand tax free a year, so I knew from this that the top of the pyramid so to speak was pretty hefty. I see also that Alternet puts the pay for an American or British Special Forces veteran working for 'private' security anywhere from $650/$1,000 a day, which is many times that of our troops risking their lives daily. Gen David Petraeus who is supposed to give an assessment on the troop surge in September said earlier this year that he himself had been guarded by contract security and according to the article at least three other commanding generals are currently being guarded by these contract security. When we just look at the monies alone all of us should know that money adds up and what I keep saying time and again, someone will have to pay for all this mess and that burden will fall upon the American taxpayer, money does not grow on trees, you hear of all this spend, spend and more spend but you never hear the whole story and that is what all this is going to cost us? I know all you citizens out there reading this blog and even some of you who stumble on it are wondering the same thing and you know as well as I that this is never mentioned on the news media outlet, in years to come even if we left Iraq now we could go into the 10 trillion mark,,yes that is trillion and yet it seems every time you read an article it's a billion here and a billion there, this has to be one of the biggest spending administrations in recent history. One of the names mentioned above, Triple Canopy was founded in September 2003 and by 2005 they had accumulated over $90 million in government contracts, that was two years ago and it don't take long to see just why the profiteers don't exactly want Iraq to end, these companies have made billions off this war. Look at Halliburton who in July of '05 announced a 284 percent increase in operating profits during the second quarter of that year and it seems that even in questioned expenses the the Congress still rewarded KBR.
Alternet article
Dyncorp & Halliburton Sex Slave Scandal
Halliburton Watch

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  1. Dumb Ox says:

    Now apart from all the baloney about the contracts, the sex slave stuff is serious. I will look into it too.
    D. Ox

  1. Floyd says:

    Hello my friend Ox, there is a lot of money to be made from this endeavor, I read a book by a lady who used to drive for KBR she talked of how the kids used to throw rocks at them, they had bullet proof glass of course but she said it sounded like thunder going on in there. The government if you can call it that over there is still looking at the old way, the controlling of this or that and it does not seem to be a national government in our 'sense of the word' in order to be liberated these folks would have to want to be liberated. War profiteering though is nothing new, back in 2003 it was brought up after the administration was called on inflating costs of new contracts, an example is that the administration asked for $100 million to protect 100 Iraqi families average cost of $200,000 per family the federal witness protection program cost about $10,000 per year. Back in 2003 the Congressional Budget Office could only account for $2.5 billion of the $4.0 billion spent monthly, that is quite a bit of unaccounted for money. 'Our' tax money should go more to the troops on the ground than in the pockets of war profiteers, but alas it has always been this way.

  1. really really interesting...

  1. Floyd says:

    Very,,the profiteers get all the loot while the boots on the ground do all the work, somehow, this just don't make sense to me. The same argument is being made now as in Nam, in other words if we leave everything goes to hell.