>> i d i thin this is a really solid stock. >> everybody likes that one. that's . have a wonderful father's day, folks. keep it here. continues with another great father, eric foley. "chin'n" is next. first, the government, now are private firms selling you out? as thnsa scandalrupts, one phone company accused of rolling out the red carpet for uncle sam to snoop on you. democrats accusing repubublins of blowg t irs scandal out of proportion. now there's evidenceuggesting neither party is being tough engh. "cashin' in," asking the tough qutions right now. hi, everyone, welcome to "cashin' in." our crew this week, wayne rogers, jonathan, tracy, also m. welcome, everybody. so youeard about the verizon being forced to hand over private phone records to uncle sam. now we're hearing the company

may have built a special fiber opic cable directly to the government so it can access that information. acy, everyone's focusing on the nsa. hat about private companies? >> yeah. you know why? it's all about transparency. i get the need to gather intelligence and keep this country safe. but we should know what's happening. do this behind our back is so untrustworthy. i have verizon and i'm rally pissed off about it. >> i ve verizon also. senator rand paul is looking at a lawsuit, suing the government and/or verizon for turning over it records. >> tracy, do you have a theory about area 51, too? maybe you want to opine on the second gunman theory? come on. you're n alex jones czy jst yet, but theseconspiracy theories -- you're getting close, by the way. these conspiracy theories about business selling out private individuals -- >> u know what? do n first call me names on a saturda morning. i'm so beyond that right now. and jonathan, you so-called libertarian -- you s-called

libertarn, just think it's fine these compies do this withouyou kninghings? >> no. they're not doing it, tracy. companiesnly get to be big and successful by protecting and respecting their customers. that's why a lot of big-tech compans like comcast and twitter have actually gone to court to protect their users. no one gets to be big and successful by selling out their users. m much re worried about government than about business. >> i'm going to side with tracy on this one. i think when you violate the fourth amendment, everyone ould stand up and say hey, i not doing this. you're violating the fourth amendmt. hold on. >> do you have any evidence of that, or is that just an accusation? do you have any evidence? >> hold on, we reached out to verizon whether they built fiber optic cable direct so they can data mine our butts. can you hear me now? they never gotback to us. make some sense out ofthi >> if the government needs to figure out who the best way to do surveillance, who are they going to call? the companies that have been keeping massive amounts of data on us.

we are so concerned abo government surveillance. what about -- it's more insid with us for the corporate surveillance that's be going on versus the government doing for security reasons. "financial tis" has this caulator. can you put in information on yourself, nd it wi tell you how much you're worth. i found out thismorning. i'm worth $1. >> big difference big difference. let me get wayne in here. >> o social media, if i'm pregnant, if i have cancer makes me more worthy to them. that's surveillance ihink we should be concerned about. >> when you sign a user agreement that says you can daa mine meyou give up your rights. we never signed that deal with the government, did we, wayne? >> the problem here is more fundamental, eric. we have essentially a fascist economy in which big-- i mean jonathan is promoting oh, you've go to get big. well, that's wrong. you've got small. you've got big government, big business and big labor, and they're all in cahoots. and lien, verizondidn't do this on their own. the government leases that line. they provided the financing to

verizon. the government and verizon are hand and glove. the government and ge are hand and glove. it's going to control6 of the banking. everybody is too big. and that's what's wrong. we have essentially a fascist econonomy. >> go ahd, jonathan. >> verizon's done nothing. you're all dumping verizon. they've done absutely nothing. and wayne, you want a small phone company? great. put two tin cans together. a schmoll phone company will not be able to serve anyone. >> oh, please, give me a break. you don't know what the hell you're talking about. you're shooting your mouth off about something you do not know. >> hold on. hold on. tracy, jonathan says verizon has donenothing. as far i understand -- >> this blows my mind. this is so not jonathan. what did you have in your cheerios this morning, jonathan? this is so not you! come on, now! this is snooping. this is the kind of stuff that people li you are supsed to hate. if you want togather

intelligence, tell me. eric is right. i should have signed on the dotted line that said hey, you'll be protected. we've got this cable going from new jersey to virginia. >> let me read this to you. ie got to do th. i carry this in my poc single day. it's not a prop. it's the u.s. constitution, fourth amendment. 1 1791, the right of the people to be secure in their persons, in their houses, in their papers ainst unreonable searches and eizures. they even mention probable cause in the fourth amendment. there's no probable cause to data mine a million people. >> well, if there is a real threat andd they are responding to it and they have to, i've heard in compared to if you're looking for a needle in the haystack, you haveto get the haysck. and so when it comes to giving up a little bit of our security -- or a little bit of our freedom for security,i think that's where thamerican people are. >> let me just -- >> this is nothing new. this is nothing new. in 1979, the supreme court said

that our phone records were not -- y know, that w not something that we shld expect on any level -- >> hold on. jonath jonathan, i know you want to jump in here. wayne, here's the issue. e fbi has told us they can go back in the dat that they have and go back and lsten to our phone conversations. do you trust the government that they won't be doing that? the nsa, that they won't be doing that with tse millions upon millions of phone conversations that they have of ours? >> eric, i don't trust the government to anything. they're morons to start with. they're taking advantage of it. and you are absolutely rit when you say that. collecting information in bulk that was not a specific thing under the patriot act alone, it has to be specific. and the judges who signed that, you have to be very careful about what you're doing. >> you are total convolutin th issue. >> and jonathan, you're wrong. >> you are completely convo convoluting the issue. >> the fourth amendment is absolutely right. and you're right to readthat. >> jonathan. >> youe completely convoluting the issue.

verizon knowing your data doesn't violate your fourth amendment rights. yes, i agree with the panel. the governmt is listening in the name of, quote, national security is -- and you present a false choice, that we have to give up our privacy or not fight terror. if you want to fht terror, why not serve by naming the enemy calling jihad actually fighting a war, no snooping on americans. what's scary is that's what government is supposed to do. >> fine, jonathan, we'll give you th. >> but actually -- >> we'll give you that. tracy, but the issue and what the segment-- the way we inflowethe segment was verizon buildina fiber optic line so that the nsa can data minus. not true. >> and wae made the point that they didn do this, come on now, with their own money. they didn't do this out of your pocket philanthropically. you know they ot fundg to do this. again, it is all this covert stuff, gathering all the intelligence y need. just let the american people know you're doing it. >> go ahead, jonathan, yout to rebut? >> first of all, i still heard no vidence. tracy keeps saying they got no

money to do it. >> i didn't say that. >> if verizon did share information, it comes only at the end of government force. no private companies would have gladly spilled the beans on their customers. they would ben immediate failu failure. >> stop. i love you, brother. we didn'take thisp out of thin air. this was from "the new york times" and a brought against verizon. we didn't just make tis up, the fiber optics line. no, this was reported. this is real, jon. it happening. it's got to scare the bejesus out of you, at least you, no? >> if it's happening, it comes only at the end of government end, the quest of government forc >> oh, my god! >> no private company cowould willingly violate their customers' rights. >> we could go on and on. coming, case closed? some democrats telling republicans they're going too fair with all this irs stuff. but gin wat the fbi just

said, are republicans going far enough? we debate. you decide.

we'll have a complete report at the top of the hour. take a chill pill, america. why don' you take a chill pip. beav it or not, some democrats are telling republicans tey're blowing the irs scandal out of proportion. a new poll says 78% of americans think congress should keep investigating the agency's targeting of conservatives. who's rig here? >> the people,eric. even the fbi director doesn't

know what's going on. they're not doing enough. the irs is the onl agency that comes into every single one of our homes, and every single one of us are afraid of them. and this is unfair this is happening. we should know exactlyt's going on. >> wayne, the first segmen we re maat theovernmen abut snooping. now i mad they' doing the exact opposite. they're not data mining everyone. they're targeting specific groups. that's just as bad. >> no,it's not bad, eric. it's outrageous. the fact of the matt is, the vernment is there for the protection of the people. they're not. they're not protecting the peoplet all. ty're invading their privacy right and left. i mean, agin that somebody is snooping on you, and that information gets in the hnds of somebody who is irresponsible as eric holder. you heard eric holder and the head of the fbi, they don't know the answers. i don't know like 15 time if they don't know, what t hell are they doing in their job? they ust be morons. >> 78% of the american people say we want to know more about

what's going on with the irs. you say the 22% are probably right? >> n i'm fine with the investigation continuing. but why aren't we getting the full trscripts from the irs employees? and i know why. i know the answer that queion. i've been accused of looking for love in all of the wrong places. darrell issa and republicans are looking for a scandal in all the wrong places. they want to make this tie back to the white house. everyone thinks it's outrageous, wayne, tracy, i agree the presidt, i've never seen him as mad as wh he found out about this scandal. so why can't we hear all of the information instead of, like, picking and choosing something to make it seem like thewhite house is in on it? that's bad. >> jonathan, we saw -- >> because they say dlaish. >> because they say i dot know. that's why every time you ask them a question, thesay "i don't know." if you've g mmies up there, you know? >> when i hear these mocrats, eric, say don't worry about the irs scandal,it reminds me of

when the president spoke to -- i believe it was college graduates saying oh, do fear tyranny and government. at the same time, he's reading repter e-mails and collecting data on millionsf americans. i mean,he irs is by definition arbitrary government gun and this scandal shows that yes, it's targeted at innocen people because of why? the political beliefs. >> there's no innocence here because this is what's getting lost. >> targeting conservative groups. >> a group tat was targeted, they go after individual americans to take away their constitutional right to vote. they want toet involved in politics. >> can i jt -- hold on. >>ut theyall should be. >> stop, stop, ease. listen it isn't whether or not groups should be lookedinto. we absolutely should l look int groups applying for tax-exempt status. thproblem is when they only look at conservave groups and they ignore the liberal groups they let them havehe free tax

status and they target. the targeting is the problem. >> ask the naacp. other gups on the left who have been targeted. yes, there should not be targeting. if you want to play in politics and you want to be subsidized by th american people, if you want to subsidize your nonprofit organization, geteady for an investment. >> maybe that could be -- maybe that could be actually a positive outgrowth of this terrible scandal is that we could move to some type of a flat or a fair tax that you uldn't allow in potics because there would be no politics involved. every woululd pay a flat rate. you get and you don't. but of course, you never hear that from the on the left. they insist on progressive tax. >> tax status as well. enough of that. everybody has a stus at the end of theday. >> we have to leave it there. as a group "cashin' in" we like that idea. forget toys from china.

try military parts from china. is this putting americin danger?

cheap goods and gadgetsrom china are one thing, but now the pentagon is said to beuying some of o military part from hinatoo, like the propellant that shoots off the hl fire missile and the key component that goes into those nit vision goggles. wayne, this may save a few taxpayers bucks, but is this one worth the risk?

>> no, it is not. this is a big mistake. anytime you're tying to save money for national security it's crazy. national security is paramount for us in that nse and we cannot afford to do that. we ought to make everything here and if we can't make it hee, we ought to substitute for it in some i way we find an alteative technology. that's what we have to do. and the world is getting smaller and smaller every day. we cannot find ourselves dependent osomebody would is distrustworthy. >> jonatha i saw this story like a week ago and i said we have to bring this cachein. this on hell fire missile propellant and night vision goggles, i he tosay, keep it here in the u.s. >> well, i agree with wayne and i don't think that cost should a factor when it comes to fending the country. one promising note is a lot of these rare earth materls, rare earth minerals that arenow mined in china finally with the regulation being brought down

eren america, some of those materials can be brought down here. onestly, wh i fear is no so much our ability to get weapons, but actuall use them. me and time again, i think america has really just lost its bite and we've seen that, of course, with the war against jihad. it's not that we don't have the weapons to destroy the enemy, but we don't have the emotional fortitude. i'm much more worried about that han a disruption of e supply of the weapons itself. >> i'm a ltle worried about the fact that we cat make this stuff here. what the heck is wrong with this country that we can't make this here? >> but they have a lot of these minerals. theyave a lot of -- >> bott line, we talk about corporations maximizing shareholder values and we want this govnment run like a business. from a business angle, you go to where you can get the best product for the chae cheapest price. if the answer is china, we have bigger problems than the fact that they're buying products from china. our problem is innovative here at home.

>> c we spend a few more buckes and make sure our hell fire missile is propelled? >> we should. they've shown their hand that they're willing to use the supply chain as leverage to get what th want in negotiations. they did that with japan. this is a cystal clear example of why we have to continue investing in american innovion, american science and what has been discussed a lot of you tmes isfrom the national sc foundation, take money aw from that innovation so we don't have to go to places like china and -- >> or we can stop speing money to bill dodd's walkways for turtles under the highways. >> and there's that. >> do we have e some sort of protectionist agreement to make thisstuff st? >> well, i thi, erihat you have to do is just go back to the emphasis and say that national security is a primary hing for the united states

government to purs in the best sense of the word. now, when you talk about private companies doing t, yes, but you have to be very careful that we don't wind up with some sort of a facist company where private companies are being subsidized for this purpose. >> quickly, jonathan. >> shtly put, trade with our friend, bomb and destroyed our enemies. >> how about you, trace? >> oh, my god. let's make this stuff at ho. ththat's the bottom line. >> last thout? >> i am appalled th jonathan is a warmong on this show but no,we should not be doing this with china. >> let's keep our hell fiefl missile propellant made in the usa. i'm going to say thank you to im oh green for joining ushis week in green. ming up, should gas guesselers rejoice? re states going

time for what do i need to know next week? >> states are looking for a w to tax hybrid car users. north carolina is trying it out. other states will, too. >> more tax. oh, goody. wayne, you're up. >> look at oxy, speaking of gas. t. boone pickens has a good position in it and it's a candidatfor a break-u jonathan, you'veeen very tn the interest rate stuff. you don't like gold, but do you

like oil? >> no, i don't own any oi eric. but i like poland. poland was t only e in europe to actually not going into aecession in 2008. in fact, it's very difficult for u.s. investors to buy poland. plnd is a traction index. i like it very much. >> does it attract kielsa sales inchicago, by chance? >> we have a very large polish community here,ery proud of it, and i'm sending my money over here these days. >> ame om chicago. i remember the polish commity in chicago. being italian american, not many kielbasas in my house. you, trace sfp. >> i'm not en sure i know what it is. >> remember, you can weighin on all the topics we just discussed on twitter. be sure to sound off. let your voice be heard about today's show and everything else. i'll see you on the five. have a great weekend. and ves in the midterm elections next year.

♪ ♪ >> tom: the scandals are flying. every day a new revelation in the name of our safety, has the government gone too far? let's begin tking about what to do with the leakers. edward snowden right here and right now. >> t: thanks for joining us. here at the top of the stack. evyon by now has heard ed snowden. at first he was at any rater ti wanding in washington but hero to many people across the country. his first revelation was simply that government is spying on us, its citizens. will that change as we