Private Prisons Generat Huge Profits on the Detention of Immigrants
The country’s largest privately prisons are generating huge profits as the U.S. detains more undocumented immigrants than ever, and an Associated Press review shows the businesses are spending tens of millions on lobbying and political campaigns. The Arizona law that was recently struck down by the US Supreme Court was drafted by lobbyists for the private prison industry.
The cost to American taxpayers is on track to top $2 billion for this year, and the companies are expecting their biggest cut of that yet in the next few years thanks to government plans for new facilities to house the 400,000 immigrants detained annually.
After a decade of expansion, the sprawling, private system runs detention centers everywhere from a Denver suburb to an industrial area flanking Newark’s airport, and is largely controlled by just three companies.
The growth is far from over, despite the sheer drop in illegal immigration in recent years.
In 2011, nearly half the beds in the nation’s civil detention system were in private facilities with little federal oversight, up from just 10 percent a decade ago.
The companies also have raked in cash from subsidiaries that provide health care and transportation. And they are holding more immigrants convicted of federal crimes in their privately-run prisons.
The financial boom, which has helped save some of these companies from the brink of bankruptcy, has occurred even though federal officials acknowledge privatization isn’t necessarily cheaper.
Read more: http://latino.foxnews.com/latino/news/2012/08/02/immigrants-are-big-business-for-private-prisons/#ixzz22Pd6C7ki