From the Metropulse of Knoxville, TN:
Nashville’s Corrections Corporation of America was an early adopter of the public-teat business model. They build and manage prisons, meaning governments are their only client. Gov. Haslam recently revived a CCA prison in Whiteville that his predecessor Phil Bredesen had scheduled for closure, and he has refused to release documents pertaining to negotiations of the $31 million-a-year contract.
Halliburton applies the public-teat business model to many taxpayer sows, from highway construction to foreign occupations, and they often bid on projects so expansive few firms can compete. Other construction conglomerates that might have competed for Iraq contracts were shut out of the market when George W. Bush signed a no-bid, 10-year contract between Halliburton and the U.S. Army as soon as he took office.
CCA spent $262,000 on politicians last year, every cent potential savings not passed along to taxpayers.
Business as usual?