A major U.S. private prison operator known for inmate abuse, violations, and disregard for the truthreported a 56-percent spike in profit in the first quarter of 2013, due in part to its new strategy for drastically reducing its taxes, the Associated Press reports. During a conference call touting its success, representatives at GEO Group boasted that the company continues to have “solid occupancy rates in mid to high 90s” and that they are optimistic “regarding the outlook for the industry,” in part due to a “growing offender population.” GEO Senior Vice President John Hurley assured investors during the call:
We have a longstanding partnership with the Federal Bureau of Prisons, the United States Marshal Service and US Immigration and Customs Enforcement or ICE. …We continue to see meaningful opportunities for us to partner with all three of these federal agencies, notwithstanding the various issues with the federal budget, which we believe will have no material negative impact on our business. The federal bureau of prisons continues to face capacity constraints coupled with a growing offender population.
this should be more of a deterent then capitol punishment.
if they release the hundreds that are not really criminals maybe had a nickle bag i can't help but believe the courts are complicit in order to create overcrowding make privatizing more attractive to those who don't know that some sentences are out of line a well as the charges.
The federal prison population has swelled 790 percent since 1980, in large part due to draconian drug and immigration laws. And the United States maintains the title of the world’s number one jailer. Private prison operators nonetheless remain enthusiastic about the prospects of high incarceration rates for business.Representatives on this call shied away from the strong language fellow prison firm Corrections Corporation of America used during its investor call in February, when CEO Damon Hininger assured a strong “continued demand for beds” even after immigration reform. GEO executives explained that they are now taking the position that “discussing our approach and strategies about any particular procurement is really not in the best interest of our company or our shareholders.”
there is no consideration for the inmates guilt or condition they are numbers on a spread sheet, the longer they keep them the more money they are worth.
