making the big romantic gesture. that's powerful. verizon. get a nokia lumia 822 in red for free. >>. >> dave: and we're back with the stocks to recoup your losses. >> the energy company, hedging production and they pay a hefty 9% dividend. >> morgan, they cover the

dividend by northern trust a financial. >> this is a business to protect your assets from the people running the government. >> i like the stock but it's like watching it it very slow growth. >> and watching paint dry. >> kronos worldwide, they make pigments for paint. >> they only make one pigment, do you like them. >> rising costs leading to lower profits. i'm nervous about. >> dave: that is it. have a great weekend. here is eric and cashing in. >> eric: neither snow nor rain, you won't need to check your mailbox today because the post office is stopping their six day delivery. is that the answer or is there a better plan that will deliver for you?

"cashin' in", never taking a day. '0. >> our "cashin' in" crew is all here, also joining us, kristen dorsey and first the postal service raises the prices of stamps and saturday mail delivery as costly union contracts and declining demand are burying the service in red ink. let's hear what you think. >> what do you think about the post office killing the saturday delivery? >> check the mail on saturdays, saves me a trip out of bed early saturday morning. >> i don't think it will affect me a lot. i get most of my bills online. >> i think it's a shame that the post office has to do that as a method of saving money. >> eric: that is exactly why jonathan says return this plan to sender and privatize instead.

>> the constitution says that congress can establish a postal service it doesn't have to say it owns and running it. they are losing billions of dollars year after year. that is because it is run for political purposes and not economic purposes. if you privatize the post office you would see hundred billion dollars come in to the government. you would see better outcome not much different than when airfares were deregulated. in france and germany and denmark they do it that way worldwide. >> eric: does anything work better when the government gets their hand on it? >> not that i of. to jonathan's point, we have privatized certain things the there was no fed ex and no private mail services.

in fact, it shows that the private sector can do it better. when it delivers on time, it works all those private companies work very well. we ought to privatize the post office as soon as possible and get rid of all of this. >> eric: you see keep the postal service even to a $12 billion loss, that is how teacher on the hook for, but you say keep it anyway? >> why are we trying to treat the post office like a business. its constitutionally aloud function and it has a universal service requirement that no other private sector delivery company has nor could provide at the cost that the postal service does it. to treat it like a business is not to recognize as it is. none of you have mentioned the reason they are swimming in red ink, it has a congressionally mandated requirement to pre-fund health benefits out to 75 years.

there is no other company has to do that. >> eric: i'm going to to you, they spent $51.5 billion for current workers to salary and benefits and that comes to $28,000 per? >> doesn't it make it a business? it has financial statements. they don't work. they are all red. they are not matching dollars in dollars. this is economics 101. we have to look at it as a business and its failing business. i get what you are saying. a lot of people out there that are going to suffer if the post office goes down but at the same time they are suffering because the world has changed. nobody uses first class anymore. i send birthday wishes via email. what are you going to do. >> this isn't a business. this is political patronage system. postal service has as many workers a as walmart.

we can't afford the business model if there is one doesn't work. private companies -- this company, the postal service is swimming in red ink. >> eric: postmaster general, $512,000. he makes more than the president of the united states. >> he is one guy. let's talk about the 400,000 postal workers, largest employer of veterans, large employer of minorities. these are middle-class jobs not $500,000 a year jobs. >> it's $28,000 and take it divide it by the employees, it's $82,000. jonathan, what about the unions. let's talk about the postal unions. >> 80% of their yearly expenditures go to the union job benefits. they are tremendously inefficient and pensions are backed up by the taxpayer.

it would literally cheaper to buy everyone a computer and posmtd box and kinkos. there has been no innovation. if you try to privatize you would have new innovations. there is a reason apple's product has gone up and post office has gone down. >> let me get wayne in here. let's play -- you are a numbers guy. if it was a free market only influenced business, what would the cost be to send a letter from new york to say san francisco? >> i can't do that calculation. i have to say this in answer to what christian is saying. you are saying it's not a business. why not? why shouldn't it be. you are taking the position tt it is mandated and shouldn't be. i say it should be. why not make it that so the taxpayer -- what right does of the public have to coerce me to

take money out of my pocket and give it to some postal worker because you think it is a good idea. that is not a good idea. >> eric: answer the question? >> it's about providing universal service. to answer your question, we already see by ups ground if you were to same the same letter it will cost you more than ten times to send it by ups ground. >> the private sector, you will have competition come in. the price of one letter will come down. right now it's here and there. they have a right to charge a premium. you get it privatized and it will work itself out. >> what is more, ups is losing first class business. it's not employees, it's the infrastructure. there are too many post offices. when he post office started they had one post oice for every

10,000 americans, now they have one for every 53,000. we have too many buildings and too many people and it's too expensive. >> eric: the way this works the post office when it runs a deficit like the last three years in a row they go to the u.s. treasury department. they post a letter of credit and treasury hands them money. what happens if the post office defaults. who is on the hook for that money? >> the taxpayer is on the hook for all of it. this is not -- this notion, they have endorsed privatizing it. and to provide universal service g-mail provides universal service for free. post office does it to the tune of billions of dollars that taxpayers stand behind. >> eric: great discussion. how is a college degree for only ten grand sound? a number of states are making

that happen. is this the best idea to save money or will it end up costing taxpayers even more money. this woman, caught on camera, shocking new video, entitlement fraud, wee do we need to cut all entitlement programs? ♪ ♪ ♪ ♪ the capital one cash rewards card

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with gregg jarrett.

>> eric: bargain bachelor's degree. the cost of college a whole lot cheaper. try ten grand for a four-year degree. which states are doing that. first, wayne, you say that th will lower all college tuition? >> it's competition. if one state is going to do it. people will go to the cheapest possible way to do it. another thing going on. you realize that not only colleges, i'm talking about colleges sponsored by the states and universities, we also have a number. in fact there are so many private companies offering educational degrees that we have an etf that you can buy that encompasses all these schools.

school competition, it will bring down the price and that is what is working. it's working in the private sector like we were talking about the post office. it will work again here. >> eric: do you like this idea? >> i think it is worth explaining but it's not going to do what wayne desires, not every school offering $10,000 and certain programs. what i fear it could do it with wildly inflate the costs of other degree programs at the very same school so other students could be made worse off. it's worth exploring. >> this is best idea bill gates has done since windows. the average college graduate has $23,000 worth of debt. they are delaying childbearing, buying a house and having a family because they have to pay off all ts debt. this is fantastic idea. if you can get a loan and that is what is pushing the prices. >> eric: you don't like this

idea? >> the answer that we're giving free money to our kids. we get the kids locked in into four-year schools and then they say you have to get more money. someone will have cheap $10,000 degree and everybody else suffering. >> there is another one, another law of unintended consequences. when you gave everyone that wanted, gave them a loan for home. we had massive loan default. is it going to make the college degree, the same exact problem with college degree with subprime loans. >> we have a trillion dollars outstanding in the student loans. it's up about 440% in the last couple decades. to tracy's point, that is because of government's involvement in education. the idea of promising every kid a $10,000 degree is just as assinine as promising people

health care. >> no, no, i'm talking about the internet and getting your education remotely. they can pay off the debt. it diffuses the debt. >> it just exacerbates the problem we already 6. >> hold on. >> if you start this, to jonathan's pointed, i get what jerry is saying, use the web, but if you start with the state run schools you will have the taxpayer filling the void. >> eric: it costs a lot of money go ahead. >> that is presumption. that is presumption you are making you are automatically saying if it's going to cost $10,000 therefore somebody else is paying for it. kids go to college right now on scholarships. they don't pay anything. who pays for that? the school pays for that the endowment pays for it.

so private schools are working. why not? >> eric: thenly difference we're talking about wisconsin, florida and texas, three state run schools. that is what we're taking about. you are not going to believe what this woman is up to if you pay taxes. this video is going to drive you bananas. grab a cup of coffee and come right back. ♪ ♪ ♪ ♪ ♪ ♪ this is $100,000. ♪ ♪ we asked total strangers to watch it for us.

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♪ ♪ ♪ >> eric: te a deep breath, because the video you are about to see is going to make your blood boil. she is playing drums and she is collecting disability for post-traumatic stress disorder and you are paying for it from your tax dollars. this is long examples of abuse. wayne, you say the only way to cut the abuse is start trimming the programs that democrats don't want to touch? >> you have to. the biggest problem there is no incentive to do anything about it. if somebody is getting a check and not doing anything, there is no incentive to not commit fraud. it's going on constantly and

people that are in prison for god's sake and people that are dead and people are collecting money. it's another thing that the federal government cannot run. they don't know how to do it. they are all dumb, i don't know. >> eric: jonathan? >> the best way to end entitlement fraud is to end the entitlements. the entitlements themselves are fraudulent. they operate only through force and coercion not through voluntary trade. and they arere lose, lose for everyone. and taxpayer has to pay for this. but the recipients that become dependent. >> eric: i have a list. there is a stack paper, medicare $91 million for 2600 illegal immigrants. that is wrong. hud, 30,000 ineligible non-citizens, more entitlements the more waste, fraud and abuse, no? >> i'll add one more to the list.

large corporations, military contractors, $8 billion in fraud charges against taxpayers to add to your list. also, let's keep in mind that corporate fraud over the last seven years has more than doubled. fraud is way of life. i'm sorry to say. it's regretable in all situations but to think you get rid of it because of fraud doesn't make any sense at all. we don't get rid of mortgages for deserving people because some people commit mortgage fraud. >> corporate fraud, you are right. so does it make taxpayer fraud any better. >> look. hundred billions of dollars a year if fraud, clearly we have to scale back these programs. i don't want to end them. that i think that is wrong. we are paying too much money. 53% of the entire budget in entitlements and what is more, have you seen the way food stamps are advertised, it's a weight loss program. we can't do that.

>> eric: in polk county, iowa, inmates 30% were illegally collecting food stamps. >> here is the thing there is no oversight. no there is no oversight. it's really easy to put the social security on it. >> eric: there are all types of fraud? >> it doesn't make it right at all. that is what i sounded like to me. this is only exists in government programs is completely salacious. >> eric: hold on guys. christian, i'm not existing that it only exists in taxpayer programs and bigger fraud. >> let's agree on this. let's fight the fraud but to take social security benefits

away from deserving people doesn't compute and make sense either. >> eric: i'm going to say thank you for joining us this week. coming up, if they are not burning our flag in the streets, they are building a theme park around the compound where our troops killed bin laden. is it time to cut my mother made the best toffee in the world. it's delicious. so now we've turned her toffee into a business. my goal was to take an idea and make it happen. i'm janet long and i formed my toffee company through legalzoom. never really thought i would make money doing what i love. [ robert ] we created legalzoom to help people start their business and launch their dreams. go to legalzoom.com today

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>>. >> eric: what do i