Private Prison Corporation Offers Cash In Exchange For State Prisons
As state governments wrestle with massive budget shortfalls, a Wall Street giant is offering a solution: cash in exchange for state property. Prisons, to be exact.
Corrections Corporation of America, the nation's largest operator of for-profit prisons, has sent letters recently to 48 states offering to buy up their prisons as a remedy for "challenging corrections budgets." In exchange, the company is asking for a 20-year management contract, plus an assurance that the prison would remain at least 90 percent full, according to a copy of the letter obtained by The Huffington Post.
http://www.huffingtonpost.com/2012/0...n_1272143.html
just make sure to hate the Judges and the Politicians as well because they are the ones doing this and getting rich. Bad enough as it is, and this will make it worse.
As state governments wrestle with massive budget shortfalls, a Wall Street giant is offering a solution: cash in exchange for state property. Prisons, to be exact.
Corrections Corporation of America, the nation's largest operator of for-profit prisons, has sent letters recently to 48 states offering to buy up their prisons as a remedy for "challenging corrections budgets." In exchange, the company is asking for a 20-year management contract, plus an assurance that the prison would remain at least 90 percent full, according to a copy of the letter obtained by The Huffington Post.
http://www.huffingtonpost.com/2012/0...n_1272143.html
just make sure to hate the Judges and the Politicians as well because they are the ones doing this and getting rich. Bad enough as it is, and this will make it worse.
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