At Waxman's October 2 hearing, the Federal Times reports, "Richard Griffin, assistant secretary for diplomatic security, told the committee it would cost at least $500,000 a year to field one security employee [in Iraq]. Griffin said the work was outsourced because the surge in security work was temporary and did not warrant the long-term costs of creating new federal positions."
"According to the committee, the average Blackwater employee costs the government $400,000 a year," the Federal Times says.
That means that Blackwater is saving the American taxpayer $100,000 per year per private diplomatic security contractor it puts in the field in Iraq. Blackwater fills about 1,000 private security contractor slots in Iraq. The math is simple: $100,000 in savings per guard times 1,000 guards equals $100,000,000 in savings per year.
But Waxman isn't interested in how much Blackwater saves the taxpayer. He insists on knowing how much profit Blackwater makes.
The cost-saving figures are a big story. So why did Federal Times reporter Elise Castelli bury this news at the bottom of her article? Here's her email address to get the answer: email@example.com.