Monday, February 12, 2007

Talk About a Growth Industry

One of the larger disgraces of our current justice system is the privatization of the jail/prison system. If there's anything that should be the province of the Government, with its attendant Constitutional restraints, it's locking up the citizenry. But, the genie is out of the box and it's thoroughly profitable:

Corrections Corp. of America, which operates prisons and detention facilities, said Thursday its fourth-quarter profit climbed 37 percent, as inmate populations rose and new contracts went into effect.

Quarterly earnings rose to $32.2 million, or 52 cents per share, from $23.4 million, or 39 cents per share, during the same period last year.
Does either political party have the cajones to cut off the flow of cash to this new industry? I seriously doubt it, but I'd like to be surprised.

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