consultants are sandburs

Thursday, July 25, 2013

Civics 101. Understanding your government. With a little help from Bloomberg Businessweek.

This link, this early short quote:

As the Cold War set in, intensified, thawed, and was supplanted by global terrorism in the minds of national security strategists, the firm, now called Booz Allen Hamilton (BAH), focused more and more on government work. In 2008 it split off its less lucrative commercial consulting arm—under the name Booz & Co.—and became a pure government contractor, publicly traded and majority-owned by private equity firm Carlyle Group (CG). In the fiscal year ended in March 2013, Booz Allen Hamilton reported $5.76 billion in revenue, 99 percent of which came from government contracts, and $219 million in net income. Almost a quarter of its revenue—$1.3 billion—was from major U.S. intelligence agencies. Along with competitors such as Science Applications International Corp. (SAIC), CACI, and BAE Systems (BAESY), the McLean (Va.)-based firm is a prime beneficiary of an explosion in government spending on intelligence contractors over the past decade. About 70 percent of the 2013 U.S. intelligence budget is contracted out, according to a Bloomberg Industries analysis; the Office of the Director of National Intelligence (ODNI) says almost a fifth of intelligence personnel work in the private sector.

It’s safe to say that most Americans, if they’d heard of Booz Allen at all, had no idea how huge a role it plays in the U.S. intelligence infrastructure.

An eye-opener? Have a look.

This link.

MinnPost, here.

For Civics 102, the second semester of the course, this link. The term "vested interest" appears to be halfway obscure, without understanding "invested interests," who made the investment, with what expectation. Pay to play, and Kline seems the Max Baucus of his party, or one of them. One may wonder, did Bachmann's decline and ultimate withdrawal from office arise from Kline quitting on mentoring her, as a lost cause? And if so, would that be to Bachmann's credit? Money talks, arrogantly?

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