tv Your World With Neil Cavuto FOX News December 18, 2013 1:00pm-2:01pm PST
1:00 pm
intraday trading but the all-time record close is 16,097. the dow just spanked that old record hard. neil cavuto knows all about the business. let's turn it over to him. whoa, read 'em and leap. the dow soaring on word the fed will keep pumping most of that easy money. the dow industrials gained close on 300 points today. ben pulling back just a little bit. the fed cutting his stimulus by $10 billion come january but still presenting $75 billion. look at that. the markets are loving it. more on that in a moment. first this: this is your mother. stay where you are. >> why don't you sit up here for a while and think things over. >> mr., you are grounded. >> and no tv. >> and i'm taking all the
1:01 pm
exciting colors out of your cranes. >> nora, you want to help me in the kitchen? >> nora, stop! yeah. uh-huh. want to help me in the kitchen, get a pie, look at a picture of grandma. say the rosary? >> i forbid it. >> oh, stop it mother, you'll give yourself a nosebleeds. >> i see you're busy but it's time i teach you to do stuff on your own, laundry, cleaning, make iced tea. >> no! >> is that the response that moms are going to get if they listen to the president? because he wants all of them to push their kids on to obamacare. welcome, i'm stuart varney in for neil cavuto and this is your world. just in time for the holidays, the white house is launching a public relation blitz to get young people to sign up. with videos like this one from organizing for action.
1:02 pm
>> and images like this. telling young people to get into their jammies with hot chocolate to talk healthcare. are young people going to bite? let's ask andrew leonard who at age 26 is about to lose his plan. a comparable plan will cost three times at much. core. >> is with generation opportunity campaigning for young people not to sign up. andrew, i believe you've seen the jammies and hot chocolate ad. it doesn't attract you, not going to make you sign up? >> well, it doesn't change the fact that it's gotten so much more expensive to get healthcare. the catastrophic plan. even if it's free we still have the $6,000 deductible to meet so it doesn't change the situation for any of us unless we get cancer or something crazy that puts us in a debt with a $20,000
1:03 pm
medical bill. >> so you are not turned on by the ads. the only thing that would make you sign up would be if it was cheaper. that gets you, cost, right? >> yeah, i think that's what gets me and everybody else in my age group. it's especially a problem for me because i'm going from a inexpensive decent plan to a crazy, expensive plan that doesn't meet my needs. >> cory, you've seen the ads, are you turned on by them? are you perhaps going to sign up and encourage your people to sign up? >> certainly not. i saw that ad last night. the pajama boy ad and i laughed and everyone i know laughed and proceeded to mock it. what andrew's going through is what we're talking about at generation opportunity with our opt out of obamacare campaign.
1:04 pm
my peers face higher cost but we want people to know there are options outside of the expensive obamacare exchange. short term plans, catastrophic private plans so don't feel you have to sign up on the obamacare exchanges. that's our point. >> cory, the president is enlisting moms saying he wants their help to get people to sign up. do you think that will work? >> you know, i really don't. at the end of the day it comes down to the finances young people have. the problem with obamacare is that it's trying to use young people to subsidize a older and wealthier generation and it's not economically feasible. so it doesn't necessarily matter what a mother says to her child if neither can make it work when it comes to the bank account. >> you're telling young members do not sign up. if they don't sign up, you're wrecking the finances of obamacare.
1:05 pm
>> our goal is to give young people options. obamacare is bad for young people. our position is choice and freedom. look at all your options and if obamacare is not the best for you, maybe it shouldn't be what you choose. at the end of the day young people should do what's best for them. >> andrew, the president is urging moms to encourage their kids to sign up. do you think that will work? >> as much respect as i have for my mother she doesn't tell me how to live my life. i haven't lived under her rules for years and she can give me advice but it's not going to help me make my decision. i imagine most of my peers are in the same situation. we're adults, not children. >> we hear it. andrew, cory. thank you for joining us. appreciate it. now to the government's push to get kids to eat healthier. there's a problem. out of $5.4 million spent on fresh fruits and vegetables in schools, two-thirds of it winds
1:06 pm
up in the trash each day. now, a new study published in the journal of human resources finds giving kids a small reward a financial reward, increases fruit and veggie come sewagesz consumings 80%. a nickel to a quarter to eat each portion. mom stephanie weiss thinks it's a good idea. mom liz stearn thinks it's ridiculous. liz, what's wrong with a little financial encouragement if that's what it takes to make the kids eat veg zales what is wrong with a little financial investment to eat vegetables a wrong. it's bribing -- bribery.
1:07 pm
parents should feed children healthy fruits and vegetables so when they get to a certain age -- >> look. i know kids. they -- no, i'm not eating brussels sprouts. if you offered them a nickel -- a dollar. you offer a dollar to eat that sprout. most of them would and that's good. >> that's great. >> am i a terrible parent? >> i believe the schools should not pay the children to eat fruits and vegetables. are we going to pay our children to go to school, pay our children to get good grades? >> stephanie, you have no problem with in. >> we're going to -- so let's be honest. i'm a mom with three kids and i always say to my husband, they can be bought. it is true. i think the study -- we agree in the study is fascinating. what could be done is that it could be the money could go to a cool thing for the school. maybe they can put it toward a concert for the school. a celebrity or maybe put towards
1:08 pm
donating a swing set for the school and put to good use. but the bottom line is, kids can be bought. bribery works. >> let's talk about individual parents like the three of us for example. you don't think there's anything wrong with me as a parent saying he's the brussels and you get a book. >> not if you're doing a test with your child. i've turned to my husband, my son has a test on friday and i will say, okay, study and if -- i'm telling you if you get over 90 or 80 or above, you're going to to get whatever. you're getting to go out for dinner with us or you're going to get a special prize. i am telling you i know my child. done. he'll be like, i'll see you friday. >> it's a parents' individual choice. >> yep. >> i have no problem with that. what i have a problem with is the schools and government getting involved. >> i see the point. >> it's an interesting study though.
1:09 pm
>> that's what i think is interesting is it's a study. >> it works. >> unbelievable. >> it works. >> that's what is crazy. so there's something behind it and like what are we going to do with that information. it works. that's what is interesting. >> liz, i want your moral judgment on me. am i a bad parent if, in the past, the distant past, i offered a financial bribe to young children to eat? >> i think that is fine because that's what you choose. however, going back to the schools and government i want them to stay out. i don't want them paying the children to eat fruits and veggies. >> i'm running out of time but is it okay to bribe teens not to eat junk and have fruit. >> not in school. i disagree. i don't think it should be done in school. >> i think it's a bad parent. >> for a good cause. >> that's the intermediary. a good thing for the school.
1:10 pm
>> ladies, thank you ve disagre. look at ts. eating up the ns today. fed chief ben bernanke will be trimming but not slashing the stimulus. the dow soaring 300 points to the 45th record high of this year. to sandra smith on this tapering takeoff. >> unbelievable reaction from the stock market. the dow jones industrial average closing at a new all-time high. 16,168. the s&p 500 a gauge of the broader stock market covers 500 u.s. companies hitting a all-time high closing at 1810. the previous high 1808. 30 of the stocks hitting all-time highs today. ranging from tiffany, the luxury retailer to exxon mobil, the oil giant. the tapering will not begin today, it will begin in january
1:11 pm
as many economists predicted. the number falls to $75 billion in bond purchases monthly. it had been $85 billion. that number was also in line with the economists' forecast. the market takes this in stride as the federal reserve complimented the economic recovery as reason for lessening the bond purchases saying outlooks for the labor market conditions is the reason for this quote/unquote tapering. this is also by the way the first steps the fed has taken in unwinding this stimulus program it put in place to bounce back from the greatest recession since the great depression. home builders, some of the biggest gaining stocks as the fed also announced it's going to keep interest rates near zero even if the unemployment rate should drop below 6.5%. previously it had been a threshold for the fed saying if it dropped below, that would be a catalyst to raise interest
1:12 pm
rates. that's not the case today and just as a reminder, the jobless rate last month in november fell to 7% hitting a five-year low. and what's next, bernanke is scheduled to retire at the end of january. in comes janet yellen. waiting senate confirmation but she's seen as a fan of the bond buying program so we're likely to see more of the same as we continue. that's the reason why many traders are saying we saw this stock market rally today continue and the next fed meeting will take place january 28-29. will there be more taper. >> we'll be reporting it. thank you very much indeed. you thought twice about that post so you didn't send it. think no one else saw it? in your facebook. ♪
1:13 pm
[ alarm sound for malfunctioning printer ] [ male announcer ] you've reached the age where you've learned a thing or two. [ metal clanks ] ♪ this is the age of knowing what you're made of. so why let erectile dysfunction get in your way? [ gears whirring ] talk to your doctor about viagra. 20 million men already have. % for an erection lasting more than four hours. stop taking viagra and call your doctor right away if you experience a sudden decrease or loss in vision or hearing. [ cellphone beeps ] this is the age of taking action. viagra. talk to your doctor.
1:14 pm
this is the age of taking action. (announcer) at scottrade, our clto make their money do more.re (ann) to help me plan my next move, i take scottrade's free, in-branch seminars... plus, their live webinars. i use daily market commentary to improve my strategy. and my local scottrade office guides my learning every step of the way. because they know i don't trade like everybody. i trade like me. i'm with scottrade. (announcer) ranked highest in investor satisfaction with self-directed services by j.d. power and associates. you can fill that box and pay one flat rate. i didn't know the coal thing was real.
1:15 pm
1:16 pm
>> every stopped yourself from posting on facebook? what if i told you somebody's already read it? according to facebook, anything you type can be tracked even if you never post it. the company says it wanted to see how often users sensors themself. is this invasion of privacy? some say yes, keisha says facebook has done nothing wrong. it's big brotherrish but you say they can do it legally. >> once someone signs up for facebook, they're agreeing that anything they do on that computer when facebook is up and running on the device is subject
1:17 pm
to being monitored. the problem is people don't take time to read. >> was it in the fine print? >> and they're long. >> you say it's clear in the fine print that facebook can do this. you say no it's not. >> no, it's not, interestingly enough i read the data use policy and what we're talking about particularly in this conversation is unposted thoughts. not things you posted, it's the information you decided to delete from your computer. and in their data use policy it's not clear your unposted thoughts will be looked at. we as users may not take a lot of time to read the fine print. however, i think most of us can say we have an expectation of privacy of those things we didn't want because we purposely deleted should not be looked at. >> that's a fair point. you have an expectation of privacy for something you don't send out there. you don't hit send. >> what a lot of us don't realize it's a not a matter of
1:18 pm
what is posted, it's the key strokes. once you strike the keys to type, it's been monitored in cyberworld but all different social medias or servers. there's a way to deactivate it but your programs may not work properly so it's a matter of people not knowing. >> let me raise an issue. suppose you type up a legal document and you were talking about this. a legal document. you don't send itny place but it's a legal document. important stuff. >> and you have attorney client privilege. if you're typing it an facebook's running. >> you're not concerned? >> the problem is most law firms should have encryption so they protect what's there. you shouldn't have -- no disrespect, your facebook running while you're doing that. there's particular securities you have to do when you talk about attorney client privilege
1:19 pm
but with the legality of this, you need warrants to look at certain things so the fbi is a perfect analogy. they can activa evaluate your camera on the web cam but they have to get a warrant. we hear the nsa looking dr. . >> forget the legalisms for a second. i'm not a lawyer. forget legality. aren't you both a little worried about the big brother aspects? >> absolutely. you get what you pay for. if ear going to use these services and not pay anything, we're open to vulnerability of what is private. i pay to keep things private. we all have to be aware. everybody's lax with the ease of the internet. >> can you say f you pay for it you can buy privacy? is that possible? not with facebook. >> in certainly circumstances but the way technology is now, and the era we're in, nothing's private. >> you've lost it. you've lost privacy. a typewriter, you type it up,
1:20 pm
you don't like it, you rip it up and throw it away. >> but we have to be our own advocates and watch what we do and understand this is a new age and although we're fighting a losing battle, there's ways to take steps to protect ourselves the best we can. we know -- >> get a good lawyer. >> exactly. >> janelle, keisha. good stuff. peeking of privacy. do you think your next boss should be able to check your credit scores? this democrat senator wants to ban it but is there good reason for it? we will debate it.
1:23 pm
1:24 pm
her way. she's push a bill to ban credit checks by employers. charlie says she's dead wrong. charlie, make your case that she -- we should be allowed to check the credit of future employees. >> some is public information. if you screw someone over and don't pay your bills on time, don't pay a public company, it's part of the public information. why shouldn't an employer know. being a deadbeat is not a good thing. if i'm going to hire somebody, the last person i want to hire is someone that screwed over someone. by the way, a lot of this is public. people forget it's not the nsa snooping your phone calls and private calls, this is a public thing. you borrowed money from somebody a bank, some creditor and didn't pay it back. sorry charlie. >> that's harsh. first of all senator warren's point is the credit reports have no correlation to job performance. >> who says?
1:25 pm
a study by demass group. >> demass. >> a household name. >> tell you what. >> give me two. give me brookings. >> the director of transunion, this is his job. he couldn't come up with a statistic that showed correlation between job performance. >> who cares. >> it's his job. >> what talking about whether somebody would be a lousy employee and a threat. nobody can come up with statistics otherwise. >> use common sense, if you have someone you hire to handle data, do you want that person to be someone that didn't pay his or her bills that, ran out on paying -- >> it's a fair point. >> by the way, it's public. >> 20% of americans were underemployed or unemployed. most of those folks probably have poor credit. it's not fair to discriminate.
1:26 pm
>> why are you -- a conservative. >> conservatives should be against the people. >> let me ask you -- >> hold on. >> hold on. hold on. >> it's absurd. >> my ability. >> is some employer going to whack out someone because they're late on a credit card payment? they deny jobs to people who stiff others. >> top reason people are late on payments on anything on a credit report is health reasons. >> you're making it sound. >> then the employer would know that. >> you're making it sound like that's not why they're getting jobs. >> they get a credit score. >> hold on a second. i'm an employer. i'm not allowed to check the credit of the employee that wants to work for me. turns out they're a bad guy. they steal my money who is liable. >> i'm a big fan of background checks on criminal history, on
1:27 pm
whether or not they went to the school they said they went to. whether or not they were employed by the employers they said. >> come on. there's a good article in the "wall street journal." >> you got me mixed up with the other italian guy. >> maybe. it was in january. >> background checks make sense on criminal behavior and whether you actually -- >> we've got to go. >> it does seem -- hold it, hold it. charlie, they're killing my eardrum. charlie, steve, thank you very much. it was a pleasure. already under fire. did health and services's kathleen sebelius submit she wasn't thinking about -- impact life expectancy in the u.s., real estate in hong kong, and the optics industry in germany?
1:28 pm
at t. rowe price, we understand the connections of a complex, global economy. it's just one reason over 70% of our mutuafunds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. the energy in one gallon of gas is also enough to keep your smartphone running for how long? 30 days? 300 days? 3,000 days?
1:29 pm
the answer is... 3,000 days. because of gasoline's high energy density, your car doesn't have to carry as much fuel compared to other energy sources. take the energy quiz. energy lives here. more shopping. more dining out. and alo with it, more identity theft. by the time this holiday season is over, more than a million identities may be stolen. every time you pull out your wallet, shop online, or hit the road, you give thieves a chance to ruin your holiday. by the time you're done watching this, as many as 35 more identities may be stolen. you can't be on the lookout 24/7 but lifelock can. they're relentless about protecting your identity every mute of every day. when someone steals your identity and tries to take over your bank accounts, drain the equity in your home, or even tries to buy a car in your name,
1:30 pm
lifelock is on the job 24/7. when they detect a threat to your identity within their network, they will alert you by text, phone, or e-mail, protecting you before the damage can be done. lifelock wants you to be protected ts holiday season. so they're giving you 60 days of protection risk free. my years as a prosecutor taught me that you have to be proactive to protect yourself from crime. and that's especially true of identity theft. that's why i'm a member of lifelock. [ male announcer ] no one protects you better th lifelock. and they stand behind their protection with the power of their $1 million service guarantee. in fact, last year, lifelock protected over 2 million people during the holidays and now they can do it for you. try lifelock's protection 60 days risk free. ♪ ♪ order now and get a special holiday gif-- a document shredder to keep sensitive documents
1:31 pm
out of the wrong hands. a $29 value free. ♪ ♪ because during the holidays, keeping your identity protected means keeping your family protected. after all the site's glitches, secretary sebelius tapping microsoft to deal with the fixes saying, quote, the president and i believe strongly in having one person with strong experience and expertise in management and execution who is thinking 24/7 about healthcare.gov. wasn't this her job? to dr. ben carson on what he makes of this. doctor, shouldn't there have been a professional 24/7 from get-go? >> of course there should be. it reminds me of when he was
1:32 pm
involved with the first twins joined at the back of the head. never before had they been separated about both surviving. nobody had a lot of experience but we knew what we needed and we got surgeons and critical care people and nursing experts. even some electricianings. we got the right people involved because we knew it was going to be complex and we could predict what was going on and it was successful. and it was the first time that that was done. but it requires real planning. you have to get experts, you have to realize you're not the expert in everything but that you have access to them and you have to know how to coordinate them. why they weren't able to do this with something that's one sixth of our economy makes you scratch your head. >> can government organize from the ground up a big new enterprise like this website? are you saying government is
1:33 pm
ill-equipped to do that? >> well, i think anybody is ill-equipped to do that. then that's why you do bet at a testing and roll it out piecemeal then put the pieces together to create what you want. you take what you have to get what you want. but you don't just create this gigantic monstrosity. throw it up in the air and expect it to come down assembled. >> wasn't it political interference that gave a problem to the website? could you imagine doing the operation you described, separating the twins joined at the head if there was an element of political control suggesting what you could do and when. >> we would have refused to participate in something like that. that's one of the reasons it's probably not a good idea to have the government involved in every aspect of our lives. you know, there are good things
1:34 pm
that the government can do. all you have to do is go back and read the constitution. we don't have to create new things for the government. >> do you think this website is fixable or, better yet, obamacare, as a whole, is it fixable? >> i certainly believe the website can be fixed. i know a lot of it people who have weighed in on this and think it could be fixed relatively easily with the right expertise. should it be fixed? can obamacare be fixed in well, the premises is that the government knows best. that is like mixing oil and water because that doesn't work with the american system. >> health insurance, extending the deadline. you know a thing or two about the medical business, is that possible? can they do it? >> well, they certainly can as long as they're playing by the rules that the government keeps
1:35 pm
reestablishing. what the insurance companies don't realize, however, is that this government they're playing ftse with, if you turn the patriots over -- pages over, they're on the menu. i don't think they understand that. >> can you tell me what doctors, generally speaking, doctors, are they in favor of this huge change? >> if they are, they're hiding from me because i travel all over the country and talk to a lot of groups, including lots of doctors and i'm having a great difficulty finding anybody who likes this. it's profoundly affecting what they're doing. and people didn't sign up to become government employees. they signed up because they were intellectually gifted and wanted to use those gifts to bring health to their patients, not to satisfy some bureaucrat. >> every time i interview you, i ask you the same question at the
1:36 pm
end. have you decided to run for anything yet, sir? >> i have decided that i'm going to continue to work very hard to get the american people as educated as possible so that we can actually recognize when people are trying to hijack the american dream. >> dr. ben carson. thanks for being with us again. >> always a pleasure. thank you. if the administration wants to get this thing off the ground, maybe it should talk to our next guest. whole foods c.e.o. john mackey opening up a new store in brooklyn. welcome to the program. >> you know a thing or two about getting big operations up and running from the ground floor up. give us a game plan. >> well, it takes a long time. we've been building whole foods for 35 years. so ... it's not something you can just roll out. it's scale and expected to be successful.
1:37 pm
>> they had three years as a buildup to the launch of the websites. isn't that long enough to get things going properly? >> apparently not. >> what do you think of obamacare? >> i'm going to interrupt. you're a huge employer. i don't know how many thousands of employees you've got but a lot. >> over 80,000. >> 80,000 employees. i don't know whether you offer healthcare or not but how's obamacare going to hit you, for the better or worse. how does it affect you? >> it's raising our cost. we're self-insured to we pay the healthcare cost for our team members. of course obamacare is adding a bunch of new mandates. although they've excused employers for one more year before they have to comply but we'll have to cover things that are expensive that we may not want to cover, our team members may not want to have covered. that will raise cost and either ultimately come out of --
1:38 pm
depress wage increases or we'll pass the cost on to our team members. >> does that mean passing along the cost in terms of higher deductible? >> in our case, it probably will mean maybe higher percentage of part time workers. there's an escape clause, if somebody works less than 30 hours you don't have to provide health insurance for them. that creates the wrong incentives for employers. it creates incentive for fewer full time workers and more part time. if all our competitors are going that direction, we'll probably have that same kind of incentive to do the same. >> that's a big deal for the economy as a whole. a lot of new jobs being created are part-time jobs to avoid what's coming down the pike from obamacare. you have to do the same thing. >> yes, our company's traditionally been about 75% full time and 25% part time which is unusual in retail, which is made up of a lot of part-timers. moving that to 70/30 this year
1:39 pm
and if costs keep going up, i expect that percentage to continue to increase for part-timers and decrease for full-timers. >> didn't you write your own version of healthcare reform? i think you put it in a formal proposal about four or five years ago. you did? >> well, at the time back in 2009, president obama was asking for suggestions. before we had the affordable care act act was -- didn't exist so i wrote an op-ed piece in the "wall street journal" that discussed suggestions for what we could do. unfortunately none of those suggestions have been implemented. >> did it include tort row reform. >> yes. >> that was a big part of it. >> tort reform is -- that makes a difference because malpractice insurance is expensive and costs get passed on. the main problem is oftentimes the previous healthcare system was held up at free market or
1:40 pm
capitalism when it was highly rerlating. you didn't -- the exchanges in the sense are a good idea. that's one of the reforms of obamacare i like because it's at least consolidating insurers. >> but it's the mandates that get in the way. >> the mandates mean there's not much competition between plans. we ought to let the marketplace work, let employers and employees or individuals and insurance companies come to terms. we do that in car insurance, we do that in life insurance. we can do that in health insurance. >> would you -- >> nothing wrong with perhaps subsidizing the poorest consumers. i'm not saying poor people or old people should denied insurance but i don't think there's good reason for the government to take over the healthcare system. >> you sound like a libertarian. >> i've been accused of that. >> a moderate libertarian with caveats. >> i tend to -- what i am is a conscious capitalist. i believe in capitalism.
1:41 pm
i believe free markets are the best way to organize society and any system that supports capitalism i'm a fan of. >> john, thank you very much indeed. >> okay. >> when military veterans lose and illegal immigrants win, lieutenant colonel allen west has a problem. he's next. the's a saying around here, you stand behindhat you say. around here you don't make excuses. you make commitments. and when you can't live up to them, you own , and make it right. some people think the kind of accountability that thrives on so many streets inhis country sbut i know you'll still find it where it's needed most. en you know ere to look. anncr vo: introducing the schwab accountality guarantee. if you're not happy with one of our participating investment advisory services, we'll refund your program fee fromhe previous quarter.
1:42 pm
1:44 pm
to the senate where the vote is underway on final passage of the murray ryan budget. some of the 12 republicans to voted to let the bill move forward are expected to oppose it. 51 votes are needed to pass which it's expected to get. ahead of this vote did you hear about this one? last night senate democrats voted to block an amendment that would have allowed military veterans to keep their benefits by taking away tax credits for illegal immigrants of the vote
1:45 pm
was along party lines and this former republican congressman says the democrats are out of line. allen west is a retired army lieutenant colonel. welcome back to the program. good to see you. >> good to be with you and merry christmas. >> merry christmas to you, sir. will anybody pay a politic price for this dissing of vets? >> well, they absolutely will pay a politic price and it's not just veterans. what you're talking about are military retirees that served a minimum of 20 years or more in service, army, navy, air force, marines and coast guard and individuals medically retired because of injuries and wounds they received in combat. if you are under that 62 years of age. and that means me. 22 years that i served, i just found out my retirement benefits will be cut. some people say it's just a 1%
1:46 pm
cost of living allowance but over time it can be 120 to 140,000 for a lieutenant colonel and anywhere from 77 to 82,000 for staff sergeant or sergeant first class. so this is a huge impact but it's a break of trust. that's the biggest point. >> these cuts were part of the ryan murray bill. here's what democrat senator patty murray has to say about military veterans losing their benefits in the deal. >> i want to make absolutely sure today they know that a provision included in this deal that mistakenly included disabled retirees and survivors for changes in the pension growth will be addressed in short order following passage of this bill. >> now, she's saying -- i don't know if you could hear it but she's saying that was an error where it concerned wounded warriors and will be corrected. are you satisfied? >> no, i'm not. because the point is don't tell me that you're going to pass it
1:47 pm
in the senate, have it signed into law and come back and fix it. that's a lie and she knows it. the bottom line is that should have never been part of it. we're talking about $6 billion. you know, we're printing $85 billion a month. senator tom coal burn came out yesterday with his wasteful spending in government book. that's $33 billion. so what are they trying to say, that -- and when you block the amendment for those tax credits doing to illegal aliens. who are more important. the illegals or people to served 20 plus years. >> i'm going to play the other side of the fence. there is a deal. it's passed the house, probably going to pass the senate. it is a deal. that gives a degree of stability and means there will not be a government shutdown next month because there's no budget deal. you're saying it's not worth it that stability and no shutdown is not worth this dissing, if i
1:48 pm
can put it like that, of military vets. >> it's not dissing. it's disrespect, it's dis honorable. a break in trust to those of us that raised our right hand and were told you serve 20 years plus, the government will take care of you. we went out and did what we were supposed to do. now you're going to come back and tell me the wasteful spending in washington, d.c., you cannot find $6 billion? you're going to tell me you blocked and amendment to get rid of tax credited for illegal aliens but you want to take $6 billion from those of us willing to give the full measure of devotion? this is it about doing what it right. >> i can't come back at you sir, not when we talk about wounded war ors. don't have it in me. >> what has republicans doing -- [ laughter ] a happy dance like rob ford. you'll have to find out.
1:49 pm
♪ one love ♪ ♪ one heart ♪ let's get together and be all right ♪ ♪ [ male announcer ] if you suffer from a dry mouth then you'll know how uncomfortable it can be. [ crickets chirping ] but did you know that the lack of saliva can also lead to tooth decay and bad breath? [ exhales deeply ] [ male announcer ] well there is biotene. specially formulated with moisturizers and lubricants, biotene can provide soothing relief and it helps keep your mouth healthy, too. [ applause ] biotene -- for people who suffer from dry mouth.
1:52 pm
get this. the agency in charge of collecting taxes is paying firms behind on their taxes. a new inspector general's report says the irs is doing business with nearly 1,200 companies owing more than a half billion bucks in back taxes. and most don't even have a plan to pay it back. guy benson says this is why the irs should not be in charge of enforcing obamacare. guy, i find this really most unusual.
1:53 pm
how can the irs be doing business with 1,200 companies which have not paid all of their taxes and don't plan to pay those taxes? i don't get how they can be doing this. >> unfortunately, i'm really not surprised. i don't share your astonishment at this, stuart, because i think a lot of americans have come to grow accustomed to this where there are two separate sets of rules. ordinary americans are expected to and, in fact, mandated to comply with every jot and tittle of our kafkaesque tax code. and on the other side, you have the privileged and connected who play by a separate set of regulations and seem to be granted waivers and special treatment. and in this case, these are 1,200 vendors with whom the irs is doing business that they have either turned a blind eye to or perhaps accepted as a cost of doing business, this scofflaw
1:54 pm
behavior. it's been going on for years and it's affecting hundreds of these contractors, no the just one or two. >> but hold on a second. they're going to now be policing 300 million americans in their activities, vis-a-vis obamacare. >> right. >> the irs is the police force that polices obamacare. are they equipped to do that? >> well, there was an interesting "washington post" story published a few weeks ago now that i thought was very illustrative and illuminating because it really listed out and enumerated some of the real logistical blocking and tackling problems and obstacles that the irs is going to face in terms of enforcing the mandate tax. but you're right, at least in theory, the way that the law is set up, the irs are the agents. they are the group charged with monitoring and enforcing every single americans' health care arrangement. and at the same time, as they've been gearing up to take on this
1:55 pm
massive enforcement burden, they have been very lax in their enforcement of the businesses with whom they deal on a daily or weekly or monthly basis to the tune of nearly $600 million in back taxes owed. >> ouch. guy benson, i want to switch gears for a second to the midterms next year. jim matheson, now, he's a blue dog democrat from utah, announcing his retirement. that came as a shock to many people. do you think this is a sign that obamacare is already taking a toll on pressured democrats? >> i think it's hard to conclude anything else than what you just said, stuart. and matheson is a very interesting example and player in the 2014 game. and you look at sort of the chess board and the nrcc, the national republican congressional committee, his race, his district, the fourth district of utah, was already going to be near the top of their list as potential republican pickups in 2014. now you see a lot of the various prognosticators flipping that
1:56 pm
seat to likely republican, i think it's a fairly sure bet that people like you and i will soon enough be talking about congresswoman mia love from that district. but what's interesting about the case of matheson, in particular, stuart, is that he originally, when the brass tacks were down and people had to make their decision, he was one of the 34 house democrats who voted no on obamacare. but the fact that democrats are so tied to this law and he's got that scarlet "d" practically tattooed on his forehead, his own voting record, i think he concluded, wouldn't be enough to save him in a crimson red district in even redder states. >> real fast, guy, you see this as the writing on the wall for other pressured democrats as we move into next year, correct? >> i think that it's very likely that obamacare is going to be an enormous challenge for democrats that aren't even as nearly as vulnerable as matheson would have been. >> guy, i'm going to interrupt you very briefly because the
1:57 pm
1:59 pm
open to innovation. open to ambition. open to boldids. that's why n york has a new plan -- dozens of tax free zones all across the state. move here, expand here, or start a new business here and pay no taxes for ten years... we're new york. if there's something that creates more jobs, and ows more businesses... we're open to it. start a tax-free business at startup-ny.com.
2:00 pm
hello, know, i'm dana perino. eric bolling, greg gutfeld and a special guest. it's 5:00 in new york city, and this is "the five." we are thrilled to welcome back one of our favorite people here on "the five," charles krauthammer is with us for the hour. "the new york times" best-selling author is here to talk about all of today's hot topics with us starting with this most fascinating new admission from barbara walters about president obama. >> you made so many promises, we thought that he was going to be -- i shouldn't say this at christmastime, but the next messiah. >> notice she said "we" thought he would be the next messiah
131 Views
Uploaded by TV Archive on
