The big winner in the crackdown on the illegal immiggration has been the private prison industry. As Bloomberg Business Week reports in its latest issue, companies such as Corrections Corporation of America are making millions. In fact, CCA makes more money from detaining immigrants than it does from any single U.S. state.She goes on to mention CCA’s stock price has gone up by a factor of ten since 9/11.
The source of the money CCA and its investors and executives are making? Our tax dollars!
With all the additional jail time, misdemeanors, and felonies in new state laws such as Arizona’s, states could catch up with the feds in paying CCA through the nose!