Freedom Town: Aesthetic and Recreational Lawn Alternative
- Thread starter BASEDVATO
- Start date
so GEO and CXW are soon to be a buy then.............
While the Obama administration may desire a reduction in the use of private prisons at the federal level, we believe that this goal is more aspirational than attainable. CXW and GEO both operate facilities that are vital to the smooth functioning of the federal prison system, and they will remain integral over coming years. Currently, per a DOJ Inspector-General report, the federal prison system administered by the Bureau of Prisons (BOP) is approximately 20 percent over capacity, making it unlikely that the system could absorb a roughly 12 percent increase in its inmate population over the next five years through the elimination of private prisons.
Indeed, medium-security male facilities – the broader category that CXW serves – is 52 percent over rated capacity, per the Congressional Research Service. Approximately 19,000 inmates are housed in these private facilities, and there simply are not enough beds to accommodate them in federal facilities. In the Annual Report on Federal Prisons issued earlier this year, the Inspector General’s office noted that expenses at federally run facilities suffered from “a persisting crisis” wherein they consistently overran budget targets, while noting that for-profit prisons are fixed-cost contracts that help to contain budget overruns.
We would also remind investors that the larger state-level contracts are arguably more important for the companies in question, and this DOJ pronouncement has no effect on state policy.
While the Obama administration may desire a reduction in the use of private prisons at the federal level, we believe that this goal is more aspirational than attainable. CXW and GEO both operate facilities that are vital to the smooth functioning of the federal prison system, and they will remain integral over coming years. Currently, per a DOJ Inspector-General report, the federal prison system administered by the Bureau of Prisons (BOP) is approximately 20 percent over capacity, making it unlikely that the system could absorb a roughly 12 percent increase in its inmate population over the next five years through the elimination of private prisons.
Indeed, medium-security male facilities – the broader category that CXW serves – is 52 percent over rated capacity, per the Congressional Research Service. Approximately 19,000 inmates are housed in these private facilities, and there simply are not enough beds to accommodate them in federal facilities. In the Annual Report on Federal Prisons issued earlier this year, the Inspector General’s office noted that expenses at federally run facilities suffered from “a persisting crisis” wherein they consistently overran budget targets, while noting that for-profit prisons are fixed-cost contracts that help to contain budget overruns.
We would also remind investors that the larger state-level contracts are arguably more important for the companies in question, and this DOJ pronouncement has no effect on state policy.
On decc
@ALL BOUT CHICKEN
these things aren't thats bad tbh fam...
Edit: nevermind fuck these things and all frozen food in general
@ALL BOUT CHICKEN
these things aren't thats bad tbh fam...Edit: nevermind fuck these things and all frozen food in general
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