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Spending On Iraq Sets Off Gold Rush

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Manix Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Oct-08-03 10:44 PM
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Spending On Iraq Sets Off Gold Rush
<snip>

As the House today takes up President Bush's $87 billion spending request for Iraq and Afghanistan, the debate over the bill is increasingly focused not just on the amount of money but also on who will get it.

<snip>

Of the $4 billion a month already being spent in Iraq, as much as a third is going to the private contractors who have flooded into the country, said Deborah D. Avant, a political scientist at George Washington University and an expert in the new breed of private military companies. The flow of money will increase greatly if Congress approves Bush's request.

Many of the services being sought -- including police training, crimes-against-humanity investigations and prison-construction expertise -- are highly specialized. Conditions are dangerous. Experts say American taxpayers can expect to pay a hefty premium to contractors in a classic seller's market.

<snip>

Among the dozens of projects in the proposal is a State Department plan to spend $800 million to build a large training facility for a new Iraqi police force. Management fees alone would run $26 million a month, while 1,500 police trainers would cost $240,000 each per year, or $20,000 each per month. DynCorp of Reston is likely to get the contract.

"All I can say is it's mind-boggling," James Lyons, a former military subcontractor in Bosnia, said of the opportunities for private contractors. "People must be drooling."

http://www.washingtonpost.com/wp-dyn/articles/A496-2003Oct8.html
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goforit Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Oct-08-03 10:58 PM
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1. And it all goes to *'s pockets!!!
:argh:
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VolcanoJen Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Oct-08-03 11:14 PM
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2. Dupe...
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