Erik Prince, Republican with insider connections was able to found Blackwater at age 27 with his mommy's and daddy's seed money. Now, he's a billionaire.
"Blackwater bills the U.S. government $1,222 per day for a single “protective security specialist,” the report says. That works out to $445,891 on an annual basis, far higher than it would cost the military to provide the same service."
“Privatizing is working exceptionally well for Blackwater,” said Rep. Henry Waxman, D-Calif., committee chairman. “The question for this hearing is whether outsourcing to Blackwater is a good deal to the American taxpayer, whether it’s a good deal for the military and whether it’s serving our national interest in Iraq.”
http://www.msnbc.msn.com/id/21095964/
2007-10-02
13:51:42
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