Word: halliburton
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...oversight and less reform. Meanwhile, federal spending on private contractors nearly doubled, with military contractors being the biggest winners. The U.S. now has more private contractors than troops in Iraq. Blackwater's federal workload has grown from $204,000 to nearly $600 million since 2000. You could call it Halliburton with guns, except Halliburton has some guns...
...will you do to stop the waste and fraud in the government procurement system? -Ronald Bell, los angelesI consider stopping waste, fraud and abuse of taxpayer dollars our highest priority. We have held hearings on the waste of dollars in the crop-insurance program and in Iraq contracts with Halliburton. It is shocking that we took $12 billion and sent it to Iraq and as a result we have $8.8 billion that can't be accounted...
...book, Are We Rome?, Cullen Murphy avoids the standard imperial clich?s but finds some interesting parallels, especially the notion that the Roman Empire began to falter when it started hiring out major functions of the government, including military service, to private contractors. Murphy cites the use of corporations like Halliburton to provide services that the military used to perform-like preparing food (or KP duty)-as an example of paying other people to do what Americans should do for themselves. And while the all-volunteer U.S. Army is a far cry from the barbarian mercenaries that Rome eventually used...
...fields; the lobbyist ideal is influencing the levers of power to help clients. In 2004 the Denver Post found 100 Bush appointees regulating industries they used to represent as lobbyists or lawyers. That didn't include former quasi-lobbyists like Vice President Dick Cheney, who became a CEO because Halliburton wanted government contracts...
...very smart," says Bank of America market strategist Joseph Quinlan. The Saudi plastics buy, in turn, is part of an effort to move up the economic food chain from pumping oil to making things of value out of it. The day after, the CEO of oil-field-services firm Halliburton practically begged for a similar investment from the gulf...