fraud

I am so glad Rep. Miller is in Washington working to uncover the corruption and end the abuse of this Administration. Still, I so wish we could all get our families and neighbors to care more. I believe The corruption and abuse will stop on the day that the American people wake up and say, "Stop."

This post is my reaction to this article posted by the incredible Betsy Muse.

Fp'd by Betsy because a rant can be a beautiful thing....and well, she called me incredible. :)

The voter fraud investigation rumors are proving true. CBS News is reporting a key McHenry campaigner has been indicted. The person indicted is a former field director for McHenry that cast a vote in the district while allegedly maintaining a residence out of state. That is all the info I have for now, but as it emerges we will keep you posted.

Cross posted at Pat go bye bye.

This is the second part of a post based on a Vanity Fair Article called Washington's 8-Billion-Dollar Shadow which is a long, but good read.

Now, in part I we learned that

* SAIC stands for Science Applications International Corporation
* They are possibly the largest US federal contractor
* They have friends in high places
* Many times their work is substandard
* They were instrumental in the lies which led to the Iraq War
* They see the "Global War (on some) Terror" as a great revenue stream

and

* they are really, really good at getting contracts

So, now. On to today. We left off with outrage about their role in the run-up to the Iraq War.

Okay, this is scary. That's a link to a really long article (even for Vanity Fair) on a company you probably never heard of, Science Applications International Corporation (SAIC).

Forget Halliburton, GE, Electric Boat, National Steel and Shipbuilding, Boeing, and Bechtel. These guys have the sweet deals, and the big cojones to go after more and more.

SAIC has been awarded more individual government contracts than any other private company in America. The contracts number not in the dozens or scores or hundreds but in the thousands: SAIC currently holds some 9,000 active federal contracts in all. More than a hundred of them are worth upwards of $10 million apiece. Two of them are worth more than $1 billion. The company's annual revenues, almost all of which come from the federal government, approached $8 billion in the 2006 fiscal year, and they are continuing to climb. SAIC's goal is to reach as much as $12 billion in revenues by 2008. As for the financial yardstick that really gets Wall Street's attention—profitability—SAIC beats the S&P 500 average. Last year ExxonMobil, the world's largest oil company, posted a return on revenue of 11 percent. For SAIC the figure was 11.9 percent.

Yes, they beat ExxonMobil by nearly a point in a year which has been called BigOil's best year ever.