"When I said complete the danged fence, that was just because I was running for reelection. We need to work with Harry Reid and the Democrats to stop funding."
Posted on 04/25/2017 6:18:46 PM PDT by Sub-Driver
Ted Cruz Introduces EL CHAPO Act to Make Mexican Drug Lord Pay for Wall
Charles Fain Lehman 3-4 minutes
BY: April 25, 2017 8:31 pm
Sen. Ted Cruz (R., Texas) introduced the Ensuring Lawful Collection of Hidden Assets to Provide Order (EL CHAPO) Act on Tuesday, intending to cover the cost of the southern border wall by seizing more than $14 billion in drug proceeds from infamous Mexican drug lord Joaquín "El Chapo" Guzmán.
According to Cruz's press release, the bill would use all funds forfeited to the federal government during the prosecutions of El Chapo and other Mexican drug lords to fund the construction of the border wall. The funds could additionally be appropriated for other border security needs. The government is currently seeking over $14 billion from El Chapo in drug proceeds and other illicit profits.
"Fourteen billion dollars will go a long way toward building a wall that will keep Americans safe and hinder the illegal flow of drugs, weapons, and individuals across our southern border," Cruz wrote in the release. "Ensuring the safety and security of Texans is one of my top priorities."
(Excerpt) Read more at freebeacon.com ...
"When I said complete the danged fence, that was just because I was running for reelection. We need to work with Harry Reid and the Democrats to stop funding."
>>>meaningless feelgood gesture unless the assets are under US control.
Yes.The 33-page indictment against El Chapo, filed in 2016 at the U.S. Eastern District of New York, does not dissect the $14 billion. It simply says that upon conviction, the U.S. will seek forfeiture of any property or contractual rights derived from the continuing criminal enterprise, “including but not limited to at least approximately a sum of money equal to $14 billion in United States currency.”
Note the words, upon conviction. That could be years away if it ever happens. Also there are questions as to his actual worth.
>f this is the funding mechanism for the wall, then you may not ever get a wall.
Trump’s capitalistic way of thinking seems to be catching on in DC. Nice idea, Cruz. Practical and workable, will save us big bucks.
One problem with the whole wall issue is that the current trend for types of illegals is folks who overstayed their visa, not people who crossed the border illegally. In 2014, 2/3rds of new illegals were visa overstays. This continues to be the trend. What is our President’s idea to solve that?
The In-Famous?
Sorry I forgot to click the link on the illegal trends in the US now in Comment #44.
https://www.aol.com/article/news/2017/04/25/illegal-immigration-dips-to-pre-obama-levels/22055626/
“In 2014, 2/3rds of new illegals were visa overstays”
Bogus data. What is your source?
1- The federal government has no data on the total number of people crossing the border illegally. They only know how many people they captured.
2- Visa overstays are mostly upper income people who come on tourist visas and never go back. Lower income people from 3rd world countries don’t meet the financial requirements to get tourist visas.
Now just a cotton pickin’ minit here. Let’s be fair. El Chapo is a Dreamer. He smuggles his product across the border to make a better life for himself when he sells it to American schoolchildren. The fact that Cruz even deliberately calls his bill the El CHAPO bill, carefully wording the title make an acronym shows that he’s illegitimately targeting this Dreamer, trying to target one individual legislative. Therefore, this is a bill of atainter, trying to legislate punishment on an individual, to do what RICO was meant to do but no longer can entirely, thanks to the civil rights bar. This bill is unconstitutional, and will help protect Americans. So just wait ‘til the civil rights bar gets to work on it.
This is an incentive to aggressively prosecute drug lords. As for the probability of collecting, there is a financial industry built around personal injury victims with sizable claims. The finance companies purchase a portion of the claim at a large discount, commensurate with the risk and delay, and when the claim is settled, they get a payday. Same thing can be done with El Chapo. You’d need a bigger finance company to purchase a piece of 14 billion, one of the Fortune 500, but that’ll build a wall, all right. Another possibility would be El Chapo futures, traded publicly, but that might be tricky because of the time factor always present in futures.
Hooray for the capture of El Guopo!!
“Sounds reasonable. That means the Democratics will oppose it.”
But it doesn’t matter. They can do nothing.
Great idea.
There were many people on FR slamming the Honorable Senator Ted Cruz about how he didn’t want the wall and was against it. He was on some poll that a rag took however when I pressured these Freepers they could not produce a list to prove their charges.
Seems they were still living in the primaries with lies instead of trying to MAGA
El Cinco de Mayo is a Western Hemisphere holiday. It marks the day the Mexicans defeated an invading French army.
At the time (5 May 1862), the Gringos were preoccupied with another war and were thus not available to enforce the Monroe Doctrine.
We should be thankful the Mexicans did a job Americans wouldn't do.
Here he was interviewed by Laura Ingraham:
http://lauradl.noxsolutions.com/mp3/freebie3_041117.mp3
$20b + $14b = $34b => The Great Wall of America!
But that 14 billion can provide free cable internet service to millons of drug addicted po’ folk!/S
It will be interesting to see who opposes this. That might tell you who is on El Chapo’s payroll.
“Dies y seis de septiembre” (September 16) is Mexican independence day.
It will be interesting to see who opposes this. That might tell you who is on El Chapo’s payroll.>>>>>>>>>>>>>>
Chuck the Schmuck Schmoomer, a close friend of Anthony Weiner’s, is having apoplectic convulsions over the Guzman matter.
Chuck is also seeing many federal budget reductions for Long Island federal projects and law enforcement. Buahahahahahahaha!
You are paying your Senate obstruction wages now Mucky Chucky.
If those assets still exist I hold Cruz has seen the actual totals...if not, there is a good chance they don’t exist as congress would have spent them on district bribes and pork barrels.
Article and comment #6, invitation at #25, and comments 53 & 54
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