charles: and the unions get big payloads and residents get handouts you have a city like detroit down for the counter. i am charles payne in for neil cavuto. $18 billion budget hole forced to deare bankruptcy trying to get creditors to take a fraion to walk away also hes you deal with the nsion problems but it is trying to get every penny it can in refusing to back down the big reason meniscus says it is in this position

in the first place but we could forecast this a couple years ago. >> and interesting development we're not sure what is going on withhe bankruptcy. it looks like being mean violate to michigan state law which it is a sad day en one of the greatest cities once called paris of the midwest forced into barucy but also gave help maybe it could get on financial footing but it is all up in the air and once again because of a lawsuit. charles: like greece eece, portugal, spain that does not necessarily make the problem go away. >> it is like a new plan and rebuilding is spend $100 million more than it

check-in. what did they think it would have been? the population decline dramatically since 2000, 40,000 buildings standing emp. half of the traffic lights in the city don't work. this is a crisis staying out of bankruptcy will n solve the. they nd a plan todeal with the overspending to give the life back to the city. charles: we see some businesses one of the pizza chain's other bringing people has a technology center but those who get the tax breaks but for those residents tuesday they will not get anywhere? >> it is a massive

population los, the correction, and sustainable promisesor the union but it is also the crime. one of the most violent cities in ameca for the last half century, it is almost one hour if you call the cops it is so bad they are stealing copper wire from the of light post 40% are out. i know now whwhat row have been to the businesses they will have to do something. charles: i think they can keep the new businesses and sheltered but to talk about the economics highs spoke to a professor 47% of the adult population is illiterate but the mindset no mter how much money you give people

they are not prepad to be more accountable to figure this out, then we're right back where we started. >> we need to see rivers, rivers, 36 percent f the city living below the poverty line. but it echoes back to spending moneyn the wrong things. bloated pensions and health care for the retirees and i understand there were omised the money but at some point of the promise is ive you cannot pay it. instead they should be spending on the city's future. mae tax incentives phaps educational programs but it is a way to find a way for wo as opposed to paying union employs. charles: it feels like it will be a free-for-al. 150,000 homeowners did not pay property taxes in 2011.

residents will say what about me? >> exactly. now even talk of love blau. where will that money come from? if there is a bailout? but just to pay liabilities even with the national level charles: a lot of people feele're headed that way. have a great weekend. we are already hearing for a bailout now saying the city could use that federal help it is now saying it is'' highly unlikely and now how detroit could dig a anethole. >> it is unlikely and melissa said that there is

the opportunity for that to have been fo the city to put together a plan to stop this craziness to let everybody focus >> is like monopoly. creditors will have to take a massive hit with these lavish promises called paris of the midwest. not any more but if the key promises they caot keep? >> may help in the future that they can't if they can stabiliz but they cannot go forward. charles: they have to make hard decisions they cannot say if they are better in 10 years we will revisit the right now how will this play out? this could be long and drawn-out.

>> it will for sure this city will have to negiate and me restructured, they will lookout to raise revenue. chles: this is the problem that i have. i read the 40 percent of the peace -- people in greece have never been the internet buthen you have these problems you can throw all thmany in the world but how can they take the baton to roll with it? >> the reason it is different but at the end of the day there is a structural problemhe hope to keep the people it begins

to come back. charles: how important is the political salesmanship? everyone has to sell the cityn the idea it is the ultimate shared sacrifice. it is based on confidence especially in the city the idea to adjust the data to make it so hopefully the city manager's can do that. charles: at the end of the day it goes through the bankruptcy judge and they will have all the power. >> goline to oversee and did the minister. charles: we could see something done with respect @% the bonds or the pension obligations this could have a new lal parameters. >> but that will be initiated by the city of like a corporate bankruptcy

but to the process to have a restructured. >> that will have to be draconian. chles: one year from now reducing this will be good or the beginning of the end? >> is giving the city manager's in the interested parties it will probably take more than a year. chles: they should have done this sooner? u were fantastic. christine o'donnell says she was a target as the tea pay and she has approd. the "rolling sne" cover controversy out of control controversy out of control an i want to make things more secure.

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jamie mcmurray: the odds of becoming a sucssful nascar driver? 1 in 125 billion. the odds of a child being diagnosed with autism 1 in 88. i'm jie mcmurray learn more at autismspeaks.org/signs. charles: now more people a saying they're targeted by

the irs. christine o'donnell says heard tax records were breached. welcome to the show. explain at happened. >> they keep dragging me. to have the criminal investigator is that on the very same day that i announced my u.s. senate campaign and a u.s. dollar state official hhs an appropriately and illegally access my private personal tax records. from what the investigator told me they had been comprosed and ms. used. bu on this very same day that i announced a campaign and that tax records wrote a illegally access the irs placed the erroneous tax lien on the home that i no longer alone they and that followed me through the caaign even though the irs

admitted it was a mistake and they said it was a computer error. i think it is verimrtant to note that criminal investigators brought this to my attention. charles: during the campaign sieve -- and did you talk about that? i don't remember this coming up the you were being targeted. >> no. it came up a lot. lot of misinformation was used as a political weapon. the point here is that if the inspector general's office has evidence to suggest that my records where -- were inappropriate the access and they need to investigate and i am thankful senator gassley is office is investigating and we're hoping to the

department of justice will take the right course of action and mine is only on of many cases where political candidates the word donors have their record access to. charles: i you actually hearing from additional people n? >> about their records? absolutely. in the washington times accommodate it did at least two stories on thisith all the facts right. one of those is on our web site if they want more details. there are at least eight other people who have had their tax records and is used and illegally access by the irs. if somebody is in a position to have aess to confidenti records and are abusing that position, that

is a grievous offensen the department of justice could get involved and i am dumbfounded eric holder will not pursue this. charles: are you really dumbfounded or just frustrated? >>. [laughter] this is about restoring fairness to the process you can disagree 100 percent of what i stand for but you should agr that the government should not abuse its power or use the irs as a political weapon in. there is glaring evidence that has happened in my case or at least eight other ses. if eric holder will act in a neutral position as opposed to a partisan operative. charles: he is attorney general for all of america. but with your pitical action committee we never heard anything from you.

are you considering running again? >> the seat that iran for 2014 is up in 2014 but i can honestly say that i don't know what i will do. part of that is because of less bareness is brought back to the process, it inhibits every d americans from getting involved in that is why i am grateful judiciary committee and senator grassley are not giving upper -- up. charles: a lot of people still want you to run. >> a director say i am very gratul for the outpouring of support and even since the storyroke. thank you. charles: tired of paying that phone bill every month? there is help on the way. meet this

charles: one new company works if you are lookingat advertising you can be rewarded with more mobile data. we have the ceo and this is a novel idea where everybody gets away from that you say if you listen you can be rewarded. >> we have been interesting idea we are trying to grow the whole mobile ecosystem. with the mobile internet usage it has grown 147% per

year since the middle of the 2000's. so we think the explosive growth of the mobile internet is great for a lot of consumers and businesses but at the same time operators have no choice to go to the limited data plan from the of limited brand. so what this is to wean is driving certain behavior where they start to curb their consumption so instead of doing the right to when they want to now they wait until they'ron wife i. i don't know if you have ever experienced this but have you ever looked at content in thought instead of now i will wait tontil i get home. this is happening to millions of americans and over the course of one year we found 66 percent of

mobile users in the u.s. are curbing content consumption over mobile so that means they're waiting. this is a missed opportunity for mobile marketers and advertisers who are trying to consume or engage consumers on their mobile device. charles: bayou set yourself up as the middleman between the networks and the consumer. are you worried the bigger names that can offer the limited data plans will get the bulk of the consumers out there? >> about 7585% and stay on the limited data plans because typically the better and networks so the majority

are on limited data anthe number of users is increasing in the u.sjust because of the shared family plans in the rest of the world they are unlimited. charles: so you have the potential audience for to have established that but are people saying i will watch the advertisement and be the guinea pig? are people really lining up for that? >> i think it is more than an extra goodies but see if you engage to watch a video or even make a purchase you may receive of data reward maybe 200 mb or in some

cases you could earn one gigabyte. we believe that is meaningful amounts in those can be applied to your data play and -- your data plan and instead of paying for the overage you could pplent so that is a benefit. it is not a few cents' worth of value but there really is overage whic could be $10 or more depending on your carrier. charles: that does add up andistening to this story carefully, it sounds like you have something disruptive which means a lot of money. congratulations. we will have you back to talk about your success but we are out of time. thank you. remembered this eting last month?

it i about to get worse obama is putting on his poker face to talk tough. poker face to talk tough. next any last requests mr. baldwin? do you mind grabbi my phone and opening the capital one puhase eraser? i need to redeem some venture miles before my demise. okay. it's easy to erase any recent travel expense i want. just pick that flight right there. mmm hmmm. give it a few taps, and...it's taken care of. this is pretty easy, and i see it works on hotels too. you bet. now if you like that, press the red button on top. ♪ how did he not see that coming? what's in your wallet?

>> adden insult to injury or a political loy in the president's going to russia later th summer, but the white house is signaling he'llskip out on a meeting with the russian president putin. this is just the latest move sirring up tensions between the

two countries to the former ambassador bolten on what e makes of this. i white house says if snowden is there and you have not done anything, the president, he's not coming to talk to putin? >> it's silly. and he impression it gives to putin is that we're not serious about snowden, tht the most acute pain that obama can make putin feel is t deny him his august presence. i mean, if that's the best that we can do, pew tip's just going to say i'll resolve this in my own good time. what we should be doing is imposing real costs on russia for not delvering snowden back to us >> what kind of costs could we -- what would we do? levy tariffs? how can we financially put pressu on russia? >> i think the costs could be political as well. >> okay. >> and economic. >> this guy put the top appoint the joint for the ive years. he's the roughest guy.

>> exkgb agent, knows how to play rough. that's right. what i do is thin like pulling ou ambassador back fro moscow, put a lot of day-to-day diplomacy on ice, and look for something to cause him pain plailly. in the case of hina, i would release taiwan executive officials to travel anywhere they wnt in the united states. that wuld cause himto go wild and beijing. you want something comparable for that for russia. >> over the last couple weeks, it felt like times tiew pin was blinking. he talked about snowden to leave, not to release documents, america a great partner. it felt like either he was being extraordinary cynical or extending some form of an olive branch. >> would can slice it either way. i'm on the cynical side, but you can see it the other way. i think he recognizes that snowden, for him, has risks as

well as rewards, and that is hing this guy in russia is not exactly what he would want over the long term. i think what putin wants from snowden is the information on his laptop, the documents he has, and what's in hishead, an if he's got tha, then i think hewants to get him out of the country before he causes trouble. >> doesn't need him anymore. that hotograph, the last time that president putin and obama got together, i had not see-- it was like a divorced couple who, you know, the wife took the husband back for more alimony. that was the most -- two guys seem like they had destain for each other. >> it was not profssiol conduct on either part, and i think itunderlines the idea that you can press a reset utton i relations with russia as the president wanted to do at the beginning of he term or wi any other country is just a mistake. op going bilateral relations are a long had slog, and the russians are very good at taking concessions we make, putting them in the pocke and say, what do you have for me today? >> it's a matter of give and

take, but we give and give and give. >> and they expect more. >> wo. feed the bees, and that's what happens. >> exactly. >> have a great weekend. >> you too, appreciate it. >> luffing on the snubbing putin thing? professional poker player is he to explain how wec tell. tiffany, what's the "ell" here from the president, and do you think putin's picked it up? >>well, that's a good question. you know, you have obama and you have putin sitting downgoing head-to-head, high stakes poker at its best, diplomacy and brinksmanship, and obama sitting down daring putin to mae the first move, all in or fold. when you have history with someone, there's deviations and patterns to see if they are bluffing, physical, verbal cues, and there's a lot on the line here. >> you've seen the hotograph of them sitting there, and ambassador's point, they looked unimpresve like they were not world leerdz, but slouches, legs

open, collars open. what are you sensing from them? >> it's an uncomfortable situation. you know,the perfect time o bluff someone i when their decision is not goig to be easy. nevergive your opponent an easy decision, and in obama's case, it's a difficult decision for putin with asylum, the russian public would like to seethe u.s. shamed. at the same time, putin h to think about u.s. relations which have been decreasing, and his international overall approval so he has a tough decision here, and in this cse, the only way you know if the president's bluffing or not is by folding or calling. >> we know thre's round two of this whole thing, and you talked about having the history. they met a couple of times, and it felt like they got icier, but there was a hint ere was a better relationship in the second administration orsecond term, what would the president

do differently? when you play poker, you have a hat and sunglasses on. wear a hat and sunglasses next time in >> oh, i'm not sure if he should wear a at and sunglasses, but it's a little bit tricky. obama's going up against a very, ve strong leaders. i don't know that putin is pushed around. he has a lot to consider in the situation, a lot at stake, but at the same time, he could go one way other the other. i don't know that obama has leverage. they have a tense relationship. they could say, well, who ares about the relationship with the u.s., i'm giving asylum to snowden, so i don't know if the's enough on the line to really push him around in the situation. >> before i let you go. how are you? winning big pots lately? what's beginning on with you? >> i've been doing really well, i don't have any tough decisions as to whether or not to give potentially one of the biggest whistle blowers in history asylum or not in my country, so as long as i don't have difficult decisions like hat d just decide whether to go

all in or not, then my ife's good. >> all right, tiffany. by the way, next time they are together, study the tape because we'll go over it one more time. all right. see you soon. hey, guys, this speechin europe, how the heat wave could put the entire economy on ice. and then the outrage over the outrage. wait until you hear who is defending this rolling stones cover. ♪ there is a pursuit we all share. a better life for your family, a better opportunity for your business, a better legacy to leave the world. we have always believed in this pursuit, striving to bring insight to every investment, and integrity to every plan. we are morgan stanley. and we're ready to work for you.

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>> well, if the weather's hot, wait until you see how energy wallet. let's talk with keith fitzgerald. in the heat wave, people wave good-bye to the money because power outages sweep the country, rising bills cst hundreds of bucks more each much.

gay, you say this is green energy's time to shine. >> exactly. i mean, you look at your bill, and you would think an entrepreneur says, hey, this is the time for the home windmills or solar panels to work, and this ets to my point why i think th thing is smoke and mirrors because now is the time to take advantage of the high price electricity and come in with less epensive green energy, and, yet, i don't see the entrepreneurs knocking at the door. >> what do you think it is, keith, the technology's not there or not enough government subsidies? >> oh, an interesting question because, you know, the idea that the government can spend money better than a priate entrepreneur is preposterous as the concept of central intelligence or the nsa lately. this costs america $300 billion a year, districted generation, solar power, alternative fuels, we have a network built and designed in 1890 that's used in 2013. the problem is it is all

reaction, not proactive distribution. >> all right, guys, i got to tell you the solar stocks doing well this year for other reasons. talking about the heat. the heat's not hurting everyone. whirlpool selling air conditioner and everything ele. its profits jumped 75% last quarter. this summer looks like americans are buying a gold-old fashioned home goods, but not the technology cool stuff anymore. >> well, that'sn interesting point, and ye whirlpool's strategy is paying off, going up market, sells high premium items. i worry about how much is funded by debt, the consume, nd implicitly buyer or the government withtrickle-down economics. if tht crater, they are at risk. >> right now, street loved the earning and, by the way, i think it's also reflectioion of the wod, gary, wanting our stuff. people in latin america love whirlpool, asia loves

whirlpool's stuff. in a way, it's kemp prelim ri as well. >> right. it is, charles, but, you know, the bulk of the activity is still in north america, and it gets to my premise that i've had for years now that as the population ages, people like you and i, and you are younger than me, granted, you want to stay home more. i think people ar tired of going to restaurants and traling on fancy vacations and buying fan cars so this whole idea ofcacooning, in vogue twenty years is comingto fruition. translation? people want to upgrade their homes with better appliances, better, you know, aironditioning systems. that feeds into wirlpool's potion and kind of as opposed to what keith's saying, whirlpool is in a sweet spot and will be regardless of what happens to the economy and the dollar and all that stuff r the next few years. >> it is interesting. people who are pedestrian watchers of the stock market,

they graff state to the cool hip sff. what's appl doing? what's google doing? tay, microsoft nd google gt waxed, and it's the old-schoo businesses around for p200 years doing bell -- well. >> it's real as we age so the con cement of this purchasing i a solid -- >> i'm not that ol. >> go ahead. [laughter] >> there's a lot to like there, and i fear the debt phenomena that we have not finished, and i worry about the fact that earnings jumped 75% because it's unusual. i take i, don't get me wrong, but it's unusual that it causes me to think twice. >> i hear ya. you know, talking about thinking twice, china, they are not great, but neither are we. china facing a big slow down,

and now a lot of american companies say that they are hut because of that, gary, are we relying on american companies, maybe the american government too mu on china? >> well, you know, we might be, charles, but go back about 20-30 # years, take out china, substitute japan, and remember we had at home, my gosh, japan is aking er, so much smarter and growing so much faste japan's growth in the 60s was 10%, dropped to 7.5%, 4.5%, nd you don't hear much about jpan being this feared rival of the .s.. i think that's the way china's going to go. in fact, they might accelerate because they are not nearly as democratic as japan has been and is now. >> everyone talking about the demise of china and in some ways, they are acting more responsible than we have, and they loid down the economy,

made bank lender tougher, and it seems like we're pushing the gas pedal, they push back, it could be more responsible. >> here's the thing, charles, they bet on china's failure, but bet on their success. e reason is china imports 96 cents on every dllar they export. they shift to method consumptions. american companies link to commodities, big projects that fail or see diminished revenue. they are linked to brands like whirlpool likely to grow because that's what is growing china, the internal domestic consumppion is real, and slow or not, 7.5% versus a percent here, really? the economic center of gravity is there, not here, and it will be for decades. >> i'm -- no offense to the crowd, but i'm leaning towards keith on this one. hey, guys, you are absolutely fan tas pick. have a great weekend, and we'll

see you again. >> thnks, charles. >> see ya. companies around the world boycotting the "rolling stone" issue, but one company came out in its defense, and i bet you can't guess which one. governor huckabee on the "new york times" backing rolling york times" backing rolling stones next. before cd... i took my son fishing every year. we had a great spot, not easy to find, but worth it. but with copd making it hd to breathe, i thought those days might be over. so my doctor prescribed symbicort. it helps significantly improve my lung function starting within five minutes. symbicort doesn't replace a rescue inhaler for sudden symptoms. with syicort, today i'm breathing betr. and that means...fish on! symbicort is for copd including chronic bronchiti and emphysema. it should not be taken more than twice a y. symbicort may increase your risk of lung infections, osteoporosis, and some eye problems. tell your doctor if you have a heart condition or high blood pressure before taking it. with copd, i thought i'd missur family tradition. now mbicort significantly improves my lung nction,

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>> the "new york times" sinks to a new low publishing an article defending rolling stone's cover calling the hysteria about the accused boston bomber heat wave indeuced saying the mayor hype ventilated about the whole thing, and mike huckabee is outraged. governor, i just -- i gues, you kn, like minds think a like, but it's hard to believe no one, everyone is offended by the

cover. >> what's offensive is of all the picture they chose, they chose a self-styled pprtrait that the guy made where he looks sort of like a young jim morrisson or think of him in a mug shot or the rdot on the head is more appropriate. their just dpi cation says, well, it's a monster, and a picture is worth a tousand a words. >> a picture is worth a housand words, but companies, drugstores, right-aid, cvs, k-mart, all the companies said they were not going to push it, displayhis magazine or sell this particular issue. should there be more of anout cry, it's just thuming its nose at thanks americans stand for and, course, the victims. >> i sually don't get excited

when they pull it, ut are you sure this is who you want on the cover? the better course is not to boy the issue. unfortunately, i'm afraid a lot of eople go by it because of the publicity it's had. that's the most unfortunate outcome of all. >> "new york times" coming to sort of say to anyone that thinks this is in poor taste, anyone offended by this, maybe it was te heat, maybe you are hype ventilating. how upset does that make you? >> given the source that it's the "new york times" -- >> it is, but even feels like they have gone to a new low on this one. >> i don't think they are winning any friends, not that they had a lot other than on te far left, but this is not the way ou endear yourself, certainly not to the people of boston. people aroundthe country who saw what happened in boston realized that it was an outrageous agent of terrorism, and there's nothing glamour rows about the hideous people who did this. maybe instead of hs picture,

they should have put the picture of some of the victims and say a monster did this to some totally innocent bystanders watching one of the greatest events in american sports >> maybe then i would have gone to buy it. also, what about the idea the celebrity treatment might encourage others? there's got to be disturbed kids in the country, people who, listen, he came to the country, the family came to the country, america treated them well, giving them welfare, a great education, friends here, and america rolled out the red rpet of treatment to the guy, and, still, he was a home grown terrorist. at least that's the accusation >> does his push him over? >> absolutely, especially sick people who are nobodies. they want to be somebodies. when the shooting happened, arefused on televisn and the radio show to ever mention the name of the shooters, never mention them. i called them t shooterment i

don't think you want to publicize and give te people a platform. that's what they look for to see the name, their face, somehow in the big lights, and i think that a terrible thing to do encouraging other losers to think, maybe for a moment, everybody will know who i am. >> what do you think this goes from here? maybe the best case scenario's that we report on it more, and that w not only not mention the bomber's name or the magazine's na anymore. >> the ultimate punishment for rollg stone is people stop buying it. >> i think that's probably a big problem for them anyway. the magazine itself has been in decline for a long time. a lot of people say it began in 1980, ronald reagan, missed the mtv generation, missed rap, down ill had, and, and it's a heck of a hail mmry, they threw a bomb either to blow up in their faces or i don't know why they thought

is would be the thing that would help. >> it was a foolish decision, and unfortunately, it's very offensive, not just to the people in boston, the victims, but to every decent-minded american, and i'm proud of the cop. i know what he did broke the rules, and he's in trouble for it and probably loses his job, but i like it when the irish temper, shawn murphy, got to love him, that irish temper says to heck with this and publishes the hotos of the creep, and that's more appropriate. god bless him. >> god pleases him. say his name a million times. >> shaun murphy, you're a hero. there you go. >> you are too. >> thank charles. >> the government is listening to your calls, reading your e-mails, and tracking what you eat. get ready to lose your appetite. get ready to lose your appetite. i want to make things more secure. [ whirring ] [ dog barks ] i want to treat mo dogs. ♪

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>> the food police tracking wh

you eat. the government's shelling outs nearly $150,000 on a study aimed at forcing people to eat healthy. now, it's providing gps devices that keep tabs on people's day-to-day shopping habits. this is a waste of time and money, and ron and adam here with us as well. monica, it's amost per postrows, but all the stuff in the news these days, it's not hard to believe. >> i'm not against collecting information if it helps the government agencies be more efficient, carry out their missions, and spend less money in the process, but i don't understand what we're going to glean from this stud particular. they are giving gps devices to people who lect to be part of the study to see where they eat and, you know, in general, this is targeting ffst food establishment, and i think the conclusions should be fairly straightforward using common sense. people eat where it's convenient. why do we eed a study for th? >> well, ron, why do you think we need a study for this?

something nefarious going on here? >> it's not nefarious, but i think it's enough is enough. the government's trying to regulate what we eat, what size toilets to have, the type of lights we have, reading our e-mails, seizing our phone records, and at some point, it brea down the ethos of american freedom, and people, especially young people are saying enough is enough, we had it the the government has o stay within the proper roles, an, frankly, where's the study on government obesity? gao, thegovernment's auditor, found billion, with a "b" in wate last year alone, and where's the study on that on how to cut that? >> adam, a funny feeling, they'll say, you know people go to restaurants, supermarkets, and sometimes they eat a hot dog at the ho dog stand. worth the time, effort, and money? >> well, i'm glad that monica sort of explained what this is, a small academic study aimed at gathering information, not this police state hing that ou and

ron want to make it out to be. there's nothing wrong wih academic studying these things because, charles, i understand and don't disagree with your point, people want to eat where it's convenient. we also knowthat people don't always eat as wll as they could be, and fast food, if you ate there too frequently can, can -- i don't wantto get his tear kl here, but can be bad for your health. >> adam, here's the thing, i know what's going to happen. i know they are going to get the results of the study, and they are gog to use it as the wa against the use of fast food restaurants, againsthe ntion of foods, and push an agenda that is against persol freedoms, and that's why i'm worried about i, and we need to be hysterical. >> that's uncharitable to the academics and infringes on their academic freedoms by suggesting that you -- >> if you donate your own money, fine, but don't say the

taxpayers should do it. if you believe in the study, donate your own$150 million. don't take mine. >> the fda should be the agency that's responsible for looking into the chemicals that we put into food and the fact we use corn to be a ajor sweetener in our foods, and that's compounding this obesity program. why not focus on that? >> they are. why do you think these studies ist? i mean, really, what's th ral obviousive here? >> well, i'm not going to fall into this baited question. >> i just want your opinion. >> i will. >> well, i think a certain extent, studies can add value to these agencies. i just don't see the sense in this one, an i think we have a history of throwing money behind fairly aimless- >> like shrimp on a treadmill. adam, why are we doing this? >> well, i think we are having, this is a good conversation. i think ron would say we shouldn't be doing this study or any other study, and so we wouldn't have come up with, you know, cures for cancer, the

inteet, things that the government has contributed to. if you want to go -- >> i'm not done -- >> i should pay for them rather than the united ates government, fine, i think the united states government's funding certainly academic studies is a great idea nd has been true historilly fo a ery long time. >> not every study adds value. that's the other side of the coin. >> of course not. >> the internet did not come from academia. hate to eak it to you. >> it came from government funding for -- >> we're not -- >> let's talk about that, people. let's not talk about the internet. >> stop trying to disstraight us. e fact of the matter is this program is designed how government can regulate it. >> highly involved in the project. >> g ahead, ron. >> listen -- >> let's -- ron, back to the premise here, though. the government collecting data on every aspect of our lives. i'm not sure that -- >> not in this study, they're not. >> all different studies, all

combined, all the spies, snoopg, collecting bunch of data on u and it doesn't feel like it's all forgood reasons. >> no, it doesn't. that's what i'm saying. i think that he american people are tired of havingthe civil liberties trample odd. could be small, but it's frustrating that instead of our government focusing on how to fix a great use of oppression going op now or fixin what's happening in the student loan, with the student loan bubble, they focus on this. there's ge problems facing the country that we hould be studying and figure out how to fix, bt we blow money on suff like this. it's upsetting. >> we're the ones -- >> obesity is the problem. >> focusing on a hundred thousand dollar program. th is not a giant effort b the united states. >> 150 million. >> monica? >> no, no, thousands, thousands. >> one second, go ahead. >> i'm for spending money wisely. if i have one mo, it's that, but obesity is the problem. i want to see the government be more targeted in the way they spendmoney, focus on th low

hanging fruit, and this does not qualify. >> we have to be careful of the bait and switch. we worry about obesity and everything else. hey, by the way, great panel, great aud >> "money" is coming up next. melissa: here's what is "money" tonight, detroit's bankruptcy rocks the country. one of the biggest credders planning to get repaid. he joins us on the impending battle. plus, one of the original schindler's list up for auction. stay tuned to see who it is, even when they say it's ot, it's always about "money." ♪