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How US merchants of fear sparked a $130 billion bonanza

Posted by Billbar from Guardian UK

In the new anti-terrorism industry, centered on the sprawling Department of Homeland Security, the door is revolving faster and faster. Though the department was created only three years ago, 90 of its former officials have already left to make money in lobbying and consulting. They include Tom Ridge, the first head of the department, who - like former Attorney General John Ashcroft - now runs his own company. It is a crowded field. In 2001 only two lobbying firms registered as homeland security consultants. By the end of 2005 there were 543. Rules limit the ability of officials to enter the private sector in their old field for at least a year, but they are easily circumvented. They do not apply to those earning less than $140,000 a year and top-ranking officials often get around that by working in the 'background' at their new firms.

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