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Name: MADDOG10
Location: Beautiful Florida
Country: United States
Interests: restoring old cars, winning the lottery, avid football fan, and riding my motorcycles... Both (Harleys)...!!

Monday, March 25, 2013

What does 'sequestration' really mean?

What does 'sequestration' really mean?

Exclusive: Ben Kinchlow questions government 'locking away'  taxpayer funds

author-imageby Ben  Kinchlow Email  | Archive

Ben Kinchlow is a  minister, broadcaster, author and businessman. He was the long-time co-host of  CBN's "The 700 Club" television program and host of the international edition of  the show, seen in more than 80 countries. He is the founder of Americans  for Israel and the African American Political Awareness Coalition, and the  author of several books.More ↓Less ↑
 

America is facing a potential financial crisis that, according to some, is a  fiscal cliff that could have devastating long-term consequences for American  businesses, large and small, employment, our international credit rating and  even the stability of the dollar, all of which could have a dramatic impact on  “We the People.

Apparently, Congress is taking steps to offset the pending crises. The U.S.  Senate, after a 13-hour marathon voting session, voted “overwhelmingly” (50-49)  to pass a budget. The narrow margin occurred because some up-for-re-election  Democrat senators sided with Republicans in voting against the first budget to  pass that chamber in four years. I know many of you will be shocked (or  relieved, based on your political leanings) to learn it included almost $1  trillion in new taxes. Not to worry, it only affects evil rich people; you know,  the ones who own businesses and hire people.

 
I am sure they examined government spending with a fine-toothed comb. They no  doubt took steps to prevent a recurrence of such expenditures as the $1 million  in hotel bills (not including travel costs) incurred by Vice President Joe Biden  (and wife) during a recent two-night trip abroad. We can be confident that they  scolded the IRS for spending tens of thousands of dollars on a “training video,”  a parody of Star Trek. You and I both know they immediately cut at least $250  million in foreign and military aid to Egypt; you know, the country now in the  hands of a government run by the Muslim Brotherhood. (You know I’m kidding,  right?)

They, no doubt, included a restriction on executive golfing excursions. As  noted by Rep. Gohmert, R-Texas, Obama’s recent golfing trip to Florida would  have saved as much as the furloughing of 341 federal employees.

Perhaps they included an addendum regarding first family trips. According to  Judicial Watch, “a recent trip to Spain in 2010 by Michelle Obama, family, and  staff cost taxpayers $467,585 and a trip by the first lady and family to South  Africa and Botswana last year cost $424,142 for the flight and crew  alone.”This doesn’t include first daughter Malia Obama’s  $115,500 spring break trip to Mexico.

Lest some readers of this column think I am implying President Obama does not  care about the fiscal issues facing us, let me include an interesting  item I discovered on the Internet recently: “The president interrupted his  Hawaii vacation for six days to negotiate the fiscal cliff in  Washington. All told, he spent roughly 40 hours on Air Force One flying between  D.C. and Hawaii.”

How concerned was he? Well, it costs approximately $180-185,000 an hour to  operate Air Force One. Assuming $185,000 (government always costs top dollar),  he spent $7,400,000 of his money to get back to look after you. (Oops, sorry!  That was your money, wasn’t it?)

I am sure, since both conservatives (for support) and liberals (for  anti-conservative ammo) listen to Glenn Beck, they are most likely aware of this  radio transcript posted by Beck Dec. 5, 2012:

“Every year taxpayers in England have to spend $57.8 million for the first  family of Great Britain to make sure that everything is maintained and  everything is taken care of and their security and everything else, $57.8  million. And the people in England are upset about it.

“How much did we pay our royal family? How much did it take to maintain our  royal family, the Obamas, just last year? Now, this is really interesting,  especially as we come up for another vacation for the Obamas. This one is going  to cost us $4 million. This vacation in Hawaii for Christmas is going to cost  you $4 million. How much did we spend last year? Remember, the royal family cost  $57.8 million. Would you be stunned if I told you it was $50 million? Would you  be bowled over if it was $100 million? How much do we spend? The total last  year, a little higher than $57.8 million.

“So what was it? $60 million? No. $100 million? Nope. $250 million? Not even  close. The answer: $1.4 billion.

The current administration is obviously concerned; NBC News reported that  “the canceled White House tours save the Secret Service around $74,000 a week  and would save around $2 million by the end of the fiscal year. Some 37 Secret  Service officers are employed to staff the tours.”

Washington is determined to do something about it. Witness the charges and  counter-charges, debates and arguments raging in both houses of Congress about  tax cuts, higher taxes, fair shares, balanced budgets and now  “sequestration.” For Pete’s sake, what is “sequestration?”

According to Auburn.edu, sequestration was “originally a legal term  referring generally to the act of valuable property being taken into custody by  an agent of the court and locked away for safekeeping, usually to prevent the  property from being disposed of or abused before a dispute over its ownership  can be resolved.”

In a monarchy or dictatorship, there is no need to consult with anyone except  the reigning potentate or his closest advisers as to the generation and  disposition of revenues. The king and his court neither have limits on their  terms of office nor can they be questioned as to their intent. The people are  essentially chattel and are subject to the whims of their rulers, who do what  that want, when they want, the way they want.

I have a question: Since the president and Congress have no money, own no  property and earn no private capital by their own efforts, whose money are they  spending and whose valuable property [is] being taken into custody – and  locked away for “safekeeping” – to “prevent the property from being disposed of  or abused before a dispute over its ownership can be resolved?”

Read more at http://www.wnd.com/2013/03/what-does-sequestration-really-mean/#mL5tGjXMQgtIcA1k.99

5 Comments:

JADELottery said...

Break it up and you can se what it means.

Se - Quest - Ration.

3:39 PM
MADDOG10 said...

Yepper...

3:42 PM
emilyg said...

It means living well of our dime.

6:28 PM
MADDOG10 said...

@Im2smart4u:
     How would you know, you've got your head so far up your A$$ that you couldn't tell the difference between a lemon and a fig. Get off your race card waffle, and show me how George Bush spent more than this regime has already.!
Pony up or take a hike, plain and simple..
In case you haven't seen it already, COLOR doesn't have any bearing on being able to solve anything, now does it????

10:33 PM

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