GEO Group, CCA Net Out-of-State Contracts for California Inmates

Any wonder CA is broke? Private prisons cost tax payers an average of 33% MORE than what it costs for states to run their own prisons. All that extra money is going towards profit for corporations and there is NO justification for it. Do you like spending all that extra cash on housing offenders who aren't being rehabilitated? Does it give you a warm fuzzy feeling to know that lawmakers are awarding contracts to corporate cronies who don't give a damn about the safety of the general public? 

Private prisons are notorious for abuses against prisoners and before you say, "Oh boo hoo! Who cares if prisoners get abused?" stop and consider that the long term effects of abuse of prisoners results in ever angrier and more criminalized people being released back to the free world where they can then wreak havoc on your neighborhood. There is no point in creating more hardened criminals, no point in allowing our tax money to go towards corporate profits while the corporations don't care if anyone is ever rehabilitated - in fact, doesn't it work to their advantage to create more people who will commit more crimes, increase the odds of ex-cons reoffending...just so they can keep more beds full and charge the states more money to house prisoners?

Conservatives are not generally known for wanting to reform our prisons but anyone who has an interest in stopping the waste of our tax dollars, anyone who is against paying more and more and more money just to house 'the scum of the earth' really should wake up and realize that their hard earned money is being siphoned out of state coffers and into the pockets of corporations who ultimately make our country more dangerous. 

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Correctional News

The California Department of Corrections and Rehabilitation awarded GEO Group Inc. the contract for nearly 2,600 additional beds in out-of-state facilities, according to the CDCR. Also getting play from California is Corrections Corp. of America, with an offer in the works from CDCR to take on additional beds that are not currently under contract. The total of new beds in the new contracts could surpass 5,000, according to reports.

Nearly 2,600 California inmates contracted to GEO Group will be transferred to the company’s North Lake Correctional Facility in Michigan, according to a company statement. GEO Group expects revenues from the transfers to generate $60 million in annualized

CA Renews Contract With CCA

Is it any wonder California is not only broke, but spending a fortune to maintain their overcrowded prison population? Nothing will change so long as your state officials keep sleeping with gold digging whores like Corrections Corporation of America. Or should I say, Connections Corporation of America? 

Only political connections keep corporations like CCA in business - no one in their right mind can actually look at the track record of this company and think otherwise...

To view a list of wrongdoings, lawsuits against CCA and other dirty cover-ups, click here.
For a list of other private prison malfeasance in California, click here.

Press Release from CCA

NASHVILLE, TN, Nov 05, 2010 (MARKETWIRE via COMTEX) -- CCA (Corrections Corporation of America) /quotes/comstock/13*!cxw/quotes/nls/cxw (CXW 26.25, +0.03, +0.11%) , America's leader in partnership corrections, announced today that the California Department of Corrections and Rehabilitation (CDCR) has renewed its contract with CCA to manage up to 9,588 California inmates at four of the five CCA facilities currently housing California inmates (the Contract Extension). The CDCR also notified CCA of its Intent to Award an additional contract to manage up to 3,256 offenders at CCA's Crowley County Correctional Facility in Colorado and CCA's Prairie Correctional Facility in Minnesota (the Intent to Award). Between the Contract Extension and the Intent to Award, CCA expects to have the opportunity to house a total of up to 12,844 inmates for the CDCR in six facilities. CCA currently has a contract to house up to 10,468 California inmates.

This Is The Company That's Desperate To Keep Marijuana Illegal In California

Joe Weisenthal

The latest polls don't look good. After looking like it might pass earlier in the election cycle, California's historic Prop 19 -- which would legalize Marijuana -- is now trailing.

But it's not over yet, and there are important business implications.

We've already told you some of the ways to make money from the coming legalization of pot (Tobacco names like RJ Reynolds would probably capitalize well).

But what if the measure goes down?

Check out Corrections Corp of America -- the biggest owner of private prisons.

As Mike Riggs at The Daily Caller notes, CCA has given money to Democratic candidate Dianne Feinstein, who inexplicably and appallingly opposes Prop 19. Because the legalization of weed result in a lot fewer arrests (not just for pot, but also for real crimes that deserve incarceration), this company has a lot to lose.

Last year, hedge funder Bill Ackman presented a bull case for this company, arguing that a huge boom in this area was imminent..

Click here to see the presentation >

Read more: Business Insider